AN ACT RELATING TO INSURANCE -- INVESTMENTS BY DOMESTIC INSURANCE COMPANIES

HB 6315 removes a 10% cap on certain investments for domestic insurance companies in the state. It eliminates the restriction that previously limited these companies from allocating more than 10% of their admitted assets to specific investment types, such as oil and gas production loans, timber deeds, mineral rights, and transportation equipment. This change directly affects domestic insurers operating within the state by allowing greater flexibility in their investment portfolios. The bill does not introduce new requirements but removes an existing limitation on how insurers can allocate capital. The repeal takes effect immediately upon the governor’s signature.