|SB 0170||Life insurers may invest in more loans|
|Last Action:||07/12/95 - Signed by Governor|
|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.