620.23 Limitations generally applicable.

109 words·~1 min read·/wi/chapter-620/620-23

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Class limitations. For the purposes of s. 620.21 , the following limitations on classes of investments apply:

(a)Investments authorized by s. 620.22

(1)which are not amortizable under applicable valuation rules, 5 percent of assets;

(b)Investments authorized by s. 620.22

(4), 20 percent of assets in the case of nonassessable insurers, and 50 percent of the earned premium and assessments for the preceding calendar year in the case of assessable insurers;

(c)Investments authorized by s. 620.22

(5), 20 percent of assets in the case of life insurers, and 10 percent of assets in the case of nonlife insurers; and