HRS §431:6-105
Limit on how much an insurer can invest in one borrower
An insurance company cannot put more than 10% of its total assets into investments or loans tied to any one person or business. This rule does not apply to U.S. or state government bonds, certain foreign investments, or policy loans.
The statute, as written — General limitations
Except as otherwise expressly limited, an insurer shall not have at any time any combination of investments in or loans upon the security of the obligations, property, and securities of any one person aggregating an amount exceeding ten per cent of the insurer's assets. This section shall not apply to investments in, or loans upon the security of general obligations of the government of the United States or of any state of the United States, nor to investments in foreign securities pursuant to section 431:6-313(a), nor include policy loans made pursuant to section 431:6-314.
Sections this one refers to
§431:6-313 Rules for Insurers Investing in Foreign Securities
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