33-2-828. Foreign securities. An insurer authorized to transact insurance in a foreign country may make investments, in aggregate amount not exceeding its deposit and obligations incurred in such country, in securities of or in such country possessing characteristics and of a quality similar to like investments required pursuant to this part for investments in the United States of America. Canadian securities eligible for investment under other provisions of this part are not subject to this section.

     History: En. Sec. 121, Ch. 286, L. 1959; R.C.M. 1947, 40-3124.