R590-181-4. Investments in Yankee Bonds

(1) An insurer may invest in Yankee bonds of investment quality limited to 20% of the insurer's qualified assets. (2) Subject to Subsection (3), an insurer's investment in Yankee bonds of investment quality issued by a single entity, its affiliates, or subsidiaries, is limited to 3% of the insurer's qualified assets. (3) An investment in Yankee bonds of investment quality issued by an entity within a single sovereign foreign nation, is limited to: (a) 5% of the insurer's qualified assets if the bonds are rated "1" by the SVO; and (b) 3% of the insurer's qualified assets if the bonds are rated "2" by the SVO.