Chapter 3 - Operation of Insurance Companies
- Part 1 - General Provisions
- 56-3-101 - Investments of insurance companies organized after May 11, 1895.
- 56-3-102 - Life insurance companies Contingency reserves Accumulation and maintenance Capital and surplus Limitations Exceptions.
- 56-3-103 - Officers must not be pecuniarily interested in investment or disposition of funds of domestic company.
- 56-3-104 - Investments of domestic company in which officers pecuniarily interested not to be allowed as an admitted asset.
- 56-3-105 - Regulation of compensation of officers, agents and employees of life insurance companies and fraternal benefit societies.
- 56-3-106 - Pensions to officers, directors, or trustees, or to members of their families prohibited to domestic stock or mutual life insurance companies or fraternal benefit societies Employees' reti
- 56-3-107 - Disbursements by life insurance companies to be upon vouchers or affidavits.
- 56-3-108 - Dividends Unauthorized payment Penalty.
- 56-3-109 - Dividends Illegal division Directors' liability to creditors.
- 56-3-110 - Unclaimed dividends Publication.
- 56-3-111 - Certain insurance companies to report settlement or judgment in malpractice claims.
- 56-3-112 - Deposit of securities in clearing corporation or federal reserve bank.
- 56-3-113 - Valuation of bonds.
- 56-3-114 - Valuation of securities.
- 56-3-115 - Bonds or other evidences of debt of a domestic insurance company Reinsurance liability Limitations.
- 56-3-116 - Property and casualty insurers Risk limitations Applicability.
- 56-3-117 - Foreign and alien insurers Investments.
- 56-3-118 - Commissioner Promulgation of rules and regulations.
- Part 2 - Claims Office Requirements
- Part 3 - Investments of Domestic Life Insurance Companies
- 56-3-301 - Underwriting or participation by domestic life insurance company in offering of securities by another prohibited Agreement to withhold property from sale prohibited Regulations on loans.
- 56-3-302 - Part definitions.
- 56-3-303 - Authorized investments.
- 56-3-304 - Foreign investments.
- 56-3-305 - Domestic life insurance companies may acquire, hold and convey real estate Purposes Manner.
- 56-3-306 - Time for disposal of real estate Extension of time.
- 56-3-307 - Investments or loans of domestic life insurance companies limited.
- Part 4 - Investments of Other Domestic Insurance Companies
- 56-3-401 - Part definitions.
- 56-3-402 - Investment of assets by certain domestic insurance companies.
- 56-3-403 - Investments in foreign securities and investments.
- 56-3-404 - Acquisition of stock.
- 56-3-405 - Acquisition and conveyance of real property.
- 56-3-406 - Disposition of real property.
- 56-3-407 - Manner of investment exclusive.
- 56-3-408 - Prohibited actions and transactions.
- 56-3-409 - Eligible investments.
- Part 5 - Separate Accounts and Allocations
- 56-3-501 - Separate accounts Allocation.
- 56-3-502 - Investment of amounts allocated to separate accounts.
- 56-3-503 - Gains and losses credited to or charged against allocation.
- 56-3-504 - Valuation of assets allocated to separate account.
- 56-3-505 - Amounts allocated to be company owned.
- 56-3-506 - Agreements providing for annuity benefits on a variable basis Statements required.
- 56-3-507 - Authorization for delivery of agreements providing benefits on a variable basis Determination of qualification.
- 56-3-508 - Regulation of agreements Rulemaking power Licensing.
- 56-3-509 - Separate accounts Insurance laws applicable Required provisions of variable life agreements.
- Part 6 - Prohibition on Political Funding
- 56-3-601 - Use and acceptance of insurance funds for political purposes prohibited.
- 56-3-602 - Penalty for use and acceptance of funds for political purposes.
- 56-3-603 - Revocation of license for use and acceptance of funds for political purposes.
- 56-3-604 - Persons liable to the company for use and acceptance of funds for political purposes.
- 56-3-605 - Use and acceptance of funds for political purposes No person is excused from testifying.
- Part 7 - Restrictions on Beneficial Owners, Directors and Officers
- 56-3-701 -
- 56-3-702 - Equity securities of domestic stock insurance companies Statements of beneficial owners, directors and officers.
- 56-3-703 - Profits from unfair use of information recoverable Exceptions.
- 56-3-704 - Restrictions on sale of equity securities.
- 56-3-705 - Purchases and sales which are exempt.
- 56-3-706 - Foreign and domestic arbitrage transactions exempt.
- 56-3-707 - Conditions exempting equity securities.
- 56-3-708 - Rules and regulations.
- Part 8 - Voluntary Deposit of Securities