Nebraska Statutes 44-5108. Convertible securities
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An insurer may invest in securities which are convertible into other securities if:
Terms Used In Nebraska Statutes 44-5108
- Insurer: shall include all companies, exchanges, societies, or associations whether organized on the stock, mutual, assessment, or fraternal plan of insurance and reciprocal insurance exchanges. See Nebraska Statutes 44-103
(1) The convertible securities are authorized under the Insurers Investment Act at the time of acquisition; and
(2) The securities into which such securities are convertible are authorized under the act at the time of conversion.