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RSA 411-A:5 · Authorization; Record of Investments

Title: XXXVII: INSURANCE
Chapter: 411-A · REGULATION OF INVESTMENTS OF LIFE INSURANCE COMPANIES
Status: current
Official source linked: Yes

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411-A:5 Authorization; Record of Investments. – An insurer shall not make any investment of loan, other than policy loans or annuity contract loans, unless the same is authorized or approved by the insurer's board of directors; provided however, that nothing in this chapter shall prohibit an insurer's board of directors from delegating its authority to make and acquire investments and loans. The insurer shall maintain a full record of each investment. Source. 1978, 11:1, eff. July 1, 1978.

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Source note

Source. 1978, 11:1, eff. July 1, 1978.

Source history

1978, 11:1, eff. July 1, 1978