56-21-104 - Investment of guaranty capital and other assets.
56-21-104. Investment of guaranty capital and other assets.
The capital and other invested assets of the company shall be invested in real estate mortgages or mortgage notes, not exceeding one half (½) of the value of the property, or in such other securities as are permitted for investment by domestic stock fire insurance companies.
[Acts 1907, ch. 461, § 2; Shan., § 3369a5; Acts 1921, ch. 160, § 2; Code 1932, § 6256; T.C.A. (orig. ed.), § 56-2006.]