44-5108. Convertible securities.
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/ne/chapter-44/44-5108A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer may invest in securities which are convertible into other securities if:
(1)The convertible securities are authorized under the Insurers Investment Act at the time of acquisition; and
(2)The securities into which such securities are convertible are authorized under the act at the time of conversion.