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SB 346 - This act raises the amount of assets that an insurance company may invest in foreign securities, investments or deposits from five percent to twenty-percent. This act also adds special investment cap of twenty-five percent for investment in Canadian investments. In the case of Canadian investments, an insurer that is authorized to do business in Canada or that has outstanding contracts on risks resident or located in Canada and denominated in Canadian currency have increased limits. MICHELA BIRK
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