An insurer shall not invest the funds of a separate account so as to have more than 10 percent of the market value of the assets of the account invested in or secured by the stocks, obligations or property of any one person or political subdivision, or invested in a single parcel of real property or any other single investment. This section does not apply to: (1) Funds equaling 25 percent of the market value of the total assets in the separate account; (2) Investments in, or loans upon, the security of the general obligations of a sovereign; or (3) Investments in certificates of deposits insured by the Federal Deposit Insurance Corporation.
‹ Prev All Oregon sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.