Volume 799, Page 3858 View pdf image |
H.B. 965 VETOES 1. describes investment objectives and risk constraints, such 2. defines permissible transactions identifying the risks to be 3. requires compliance with internal control procedures that (iii) Whenever the derivative transactions entered into under this 1. rectify a hazardous financial condition; or 2. prevent an impending hazardous financial condition from (3) An insurer may enter into hedging transactions under this subsection (i) the aggregate statement value of options, caps, floors, and (ii) the aggregate statement value of options, caps, and floors (iii) the aggregate potential exposure of collars, swaps, forwards, (4) An insurer shall include all counterparty exposure amounts in (5) Each derivative instrument shall be: (ii) entered into with, or guaranteed by, a business entity; (iii) issued or written by or entered into with the issuer of the (iv) in the case of futures, traded through a broker that is registered - 3858 -
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Volume 799, Page 3858 View pdf image |
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