Sec. 176.1. Purposes

Latest version.

The purposes of this Part are:
(a) to protect the interests of the life insurance-buying public by establishing limitations on the concentration of medium grade and lower grade obligations in which a domestic life insurer can invest; and
(b) to implement the Insurance Law of New York by regulating the acts and practices of domestic life insurers with respect to the concentration of investments in medium grade and lower grade obligations.

                    
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