| Chapter 088 |
| 2025 -- H 6315 Enacted 06/18/2025 |
| A N A C T |
| RELATING TO INSURANCE -- INVESTMENTS BY DOMESTIC INSURANCE COMPANIES |
Introduced By: Representatives Finkelman, Shekarchi, Blazejewski, Kazarian, Solomon, Fellela, Costantino, Fascia, Perez, and Place |
| Date Introduced: May 09, 2025 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 27-11.1-3 of the General Laws in Chapter 27-11.1 entitled |
| "Investments by Domestic Insurance Companies" is hereby repealed. |
| 27-11.1-3. Maximum investments in investments currently reported in Schedule BA |
| of the annual statement blank. |
| A domestic insurance company may invest in those assets, which are currently reported in |
| Schedule BA of its annual statement; provided, that those investments do not exceed in the |
| aggregate ten percent (10%) of the company’s admitted assets. Those investments may include, but |
| are not limited to, the following types of investments: |
| (1) All loans on or investments in oil and gas production payments; |
| (2) All transportation equipment; |
| (3) Timber deeds; |
| (4) Mineral rights carried as admitted assets; |
| (5) Motor vehicle trust certificates; and |
| (6) Any other class of admitted investment not clearly includible in other statement |
| schedules. |
| SECTION 2. This act shall take effect upon passage. |
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| LC002854 |
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