33-2-829. Miscellaneous investments. (1) An insurer may make loans or investments not otherwise expressly permitted under this part, in aggregate amount not over 5% of the insurer's assets and not over 1% of such assets as to any one such loan or investment, if such loan or investment fulfills the requirements of 33-2-803 and otherwise qualifies as a sound investment. But no such loan or investment shall be represented by:
     (a) any item described in 33-2-502 or any loan or investment otherwise expressly prohibited;
     (b) insurance producers' balances or amounts advanced to or owing by insurance producers or former insurance producers of the insurer, whether or not secured, except as to policy loans, mortgage loans, and collateral loans otherwise authorized under this part;
     (c) any category of loans or investments eligible under any other provisions of this part;
     (d) any asset theretofore acquired or held by the insurer under any other category of loans or investments eligible under this part.
     (2) The insurer shall keep a separate record of all loans and investments made under this section.

     History: En. Sec. 122, Ch. 286, L. 1959; R.C.M. 1947, 40-3125; amd. Sec. 1, Ch. 713, L. 1989.