(1) An insurer that, in the ordinary course of business, makes payments in more than one currency shall have an investment in securities: (a) in each of the currencies with which the insurer makes payments; and (b) in an amount that, independent of all other investments, meets the requirements of this chapter as applied separately to the insurer's obligation in each currency. (2) The commissioner may exempt an insurer, or a class of insurers, from the requirement described in Subsection (1), if the commissioner determines the obligations an insurer or class of insurers maintains in other currencies are small enough that there is not a significant risk to the financial security of the insurer or the class of insurers from substantial fluctuation in relative currency values. Repealed and Re-enacted by Chapter 368, 2025 General Session
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