Effective: January 31, 1992
Latest Legislation: House Bill 490 - 119th General Assembly
(A) Any securities described in section 77r-1 of the "Secondary Mortgage Market Enhancement Act of 1984," 98 Stat. 1689, 15 U.S.C.A. 77r-1, shall be subject to all limitations prescribed in section 3907.14 of the Revised Code for investments not guaranteed by the full faith and credit of the United States.
(B) Notwithstanding division (A) of this section, on and after August 8, 1991, a domestic life insurance company may invest in any of the following securities, subject to any applicable limitations contained in rules adopted by the superintendent of insurance:
(1) Securities offered and sold pursuant to 15 U.S.C.A. section 77d(5);
(2) Mortgage related securities described in 15 U.S.C.A. section 78c(a)(41);
(3) Securities issued or guaranteed by the federal home loan mortgage corporation or the federal national mortgage association.
Structure Ohio Revised Code
Chapter 3907 | Domestic Legal Reserve Life Insurance Companies
Section 3907.01 | Formation of Insurance Company.
Section 3907.02 | Articles of Incorporation.
Section 3907.03 | Approval by Attorney General.
Section 3907.04 | Organization of Company.
Section 3907.05 | Escrowing Amount for Paid-in Capital and Contributed Surplus.
Section 3907.06 | Increase of Capital Stock.
Section 3907.07 | Deposit of Securities With Superintendent of Insurance.
Section 3907.08 | Commencement of Business.
Section 3907.12 | Reinsurance.
Section 3907.14 | Investment of Capital, Surplus, and Accumulations.
Section 3907.141 | Federal Limitations on Investments.
Section 3907.15 | Allocating Premiums.
Section 3907.17 | Certain Action Authorized.
Section 3907.19 | Annual Statements.