HB 1202, 61st R.S.
Relating to amending the Insurance Code to provide that a domestic life insurance company may invest any of its funds and accumulations in first mortgage bonds or first lien notes of any solvent corporation which has not been in existence for five (5) consecutive years but whose bonds or notes are secured by leases or other contracts which provide for casualty insurance of such property executed by a corporation which has not defaulted in the payment of any debt within five (5) years next preceding such investment, etc.
Author: Joseph Neil "Joe" Ratcliff
Subjects:
Corporations & Associations
Insurance--Life & Annuities
Property Interests--Mortgages & Liens
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