6-1212. Permissible investments
A. Every licensee shall maintain at all times permissible investments that comply
with either of the following:
1. A market value computed in accordance with generally accepted accounting
principles of not less than the aggregate amount of all of its outstanding payment
instruments.
2. A net carrying value computed in accordance with generally accepted accounting
principles of not less than the aggregate amount of all of its outstanding payment
instruments, provided the market value of these permissible investments is at least
ninety-five per cent of the net carrying value.
B. Notwithstanding any other provision of this chapter, the superintendent, with
respect to any particular licensee or all licensees, may limit the extent to which any
class of permissible investments as defined in section 6-1201 may be considered a
permissible investment, except for money and certificates of deposit. The superintendent
may by rule prescribe or by order allow other types of investments which the
superintendent determines to have substantially equivalent safety as other permissible
investments to be considered a permissible investment under this chapter.
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