Section 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.Utah Admin. Code R590-181-4
Amended by Utah State Bulletin Number 2022-07, effective 3/25/2022