HB20-1136: Insurance Investment Regulation

• Changes terminology from "domestic insurance companies" to "domestic insurance company" throughout Colorado insurance investment statutes (10-3-215 to 10-3-242).

• Expands mortgage loan investments to include indirect acquisitions and allows companies to acquire non-first-lien mortgages if the company holds the first lien.

• Permits foreign jurisdiction mortgage loans and equity investments with a "1" sovereign debt rating from the National Association of Insurance Commissioners, limited to 10% and 3% of admitted assets respectively.

• Broadens definition of "equity interest" to include partnership interests, LLC memberships, mineral estate ownership, convertible instruments, and various mutual fund types.

• Adds new restrictions on unlisted equity investments (5% limit) and excludes mutual funds and index funds from concentration limits on individual stock holdings.