| SB 0170 | Life insurers may invest in more loans |
| Sponsor: | CURLS | ||
| Committee: | INSU | LR Number: | L0534.05T |
| Last Action: | 07/12/95 - Signed by Governor | ||
| Title: | |||
| Effective Date: | August 28, 1995 | ||
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.
MIKE HOEFERKAMP