(1) An insurer may invest in eurodollar certificates of deposit issued by foreign branches of United States commercial banks.
(2) In addition to Canadian securities eligible for investment and to investments in countries in which an insurer transacts insurance, an insurer may invest in bonds, notes, or stocks of any foreign country or corporation if such security meets the general requirements of s. 625.303 and does not exceed, in total, 5 percent of admitted assets.
History.—s. 151, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 111, 122, 809(1st), ch. 82-243; s. 11, ch. 82-386; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429; s. 886, ch. 2003-261.
Structure Florida Statutes
Chapter 625 - Accounting, Investments, and Deposits by Insurers
Part II - Investments (Ss. 625.301-625.340)
625.302 - Eligible investments.
625.303 - General qualifications.
625.304 - Authorization of investment.
625.307 - United States Government obligations.
625.308 - Loans guaranteed by the United States.
625.309 - State and Canadian public obligations.
625.310 - County, municipal, and district obligations.
625.311 - Public improvement bonds.
625.312 - Public utility obligations.
625.313 - Securities of certain agencies.
625.314 - Public housing obligations.
625.315 - Obligations of State Board of Education.
625.316 - International development banks.
625.317 - Corporate bonds and debentures.
625.318 - Religious institution obligations.
625.319 - Equipment trust certificates.
625.320 - Building and loan or savings and loan association accounts.
625.325 - Investments in subsidiaries and related corporations.
625.3255 - Capital participation instrument.
625.326 - Foreign investments.
625.3262 - State of Israel obligations.
625.330 - Special investments by title insurer.
625.331 - Special consent investments.
625.332 - Prohibited investments and investment underwriting.