Title 33, Chapter 19, Section 17
( 33-19-17)
The funds of any corporations subject to this chapter shall be
invested only in securities in which assets of life insurance
companies may be invested under the laws of this state. Nothing
contained in this Code section shall be deemed to prohibit such
corporation from investing its funds in a home office building or
other tangible assets related to the operation of its business or
from investing its funds in a wholly owned subsidiary agency
corporation organized to solicit applications for insurance policies
to be issued by an insurer authorized to transact life insurance in
this state, subject to the same requirements, conditions,
restrictions, and limitations as are applicable to such investments
by life insurers. |