Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-181. Yankee Bond Rule |
R590-181-2. Purpose and Scope
Latest version.
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A. The purpose of this rule is to permit insurers to invest, within the limits prescribed by this rule, in bonds which are denominated in U.S. Dollars and which are issued by foreign governments, or by entities backed by foreign governments, or by corporations not domiciled in the United States of America. Such instruments are commonly referred to as "Yankee Bonds."
B. This rule applies to all insurers transacting business in Utah.