HB 69 Allows insurance companies to invest capital, reserves, and surplus in preferred or guaranteed stocks

     Handler: Loudon

Current Bill Summary

- Prepared by Senate Research -

HB 69 - This act allows insurance companies to invest capital, reserves and surplus in preferred or guaranteed stocks. The investments must carry at least the second highest designation rating by the National Association of Insurance Commissioners or a nationally recognized rating agency approved by the Department of Insurance. Life insurance company investments in corporations must also meet the requirements of Sections 375.1070 to 375.1075, RSMo, regarding outlines for investing in medium or lower quality institutions.

This act is similar to SB 131 (2005).

STEPHEN WITTE

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