§ 5-603. Date when eligibility of investment determined

Latest version.

   (a) In general. -- The eligibility of an investment shall be determined as of the date of the making or acquisition of the investment.

(b) Investment limitations. -- An investment limitation that is based on the amount of assets or particular funds of an insurer shall relate to the assets or funds as shown by:

   (1) the annual statement of the insurer as of the December 31 immediately preceding the date of acquisition of the investment by the insurer; or

   (2) a current financial statement of the insurer filed with the Commissioner that reflects the result of merger or consolidation with another insurer, bulk reinsurance, or change in capitalization.

HISTORY: An. Code 1957, art. 48A, § 99; 1995, ch. 36.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');