Utah Administrative Code (Current through November 1, 2019)

R590-181-4. Rule

Related Notices

Latest version.

A. An insurer may invest in Yankee Bonds of investment quality to the extent of 20% of the insurer's qualified assets.

B. Subject to Subsection C, below, for all investments in Yankee Bonds of investment quailty issued by a single entity, its affiliates, and subsidiaries, an insurer is limited to 3% of the insurer's qualified assets.

C. For all investments in Yankee bonds of Investment Quality issued by entities within any single sovereign foreign nation, an insurer is limited to 5% of the insurer's qualified assets if all the bonds are rated "1" by the SVO and limited to 3% of the insurer's qualified assets if any of the bonds are rated "2" by the SVO.

                    
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