SB 0170 Life insurers may invest in more loans
Committee:INSULR Number:L0534.05T
Last Action:07/12/95 - Signed by Governor
Effective Date:August 28, 1995
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Current Bill Summary

SB 170 - This act allows life insurance companies to invest their funds in loans which exceed 80% of the market value of the property securing the loan, as long as mortgage insurance is purchased on the excess over the 75%. Loans for insurance companies may not exceed 95% of the value of the real estate.