An insurer may invest in the securities of any open-end or closed-end management type investment company or investment trust registered with the Federal Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. section 80a-1 et seq.) as from time to time amended, if such investment company or trust has assets of not less than $25,000,000 as at date of investment by the insurer.
Source. 1978, 11:1, eff. July 1, 1978.