MO HB592

Increases the cap on foreign investments by Missouri insurance companies from 5% to 20% of admitted assets for insurers with at least $100 million in assets

Establishes new single-country limits: 10% of admitted assets for foreign jurisdictions with SVO "1" sovereign debt rating, or 5% for other foreign jurisdictions

Caps Canadian investments at 25% of admitted assets, with exceptions for insurers authorized to do business in Canada or holding Canadian-denominated contracts

Limits investments in any single person (corporation, trust, partnership, etc.) to 5% of an insurer's admitted assets

Exempts insurers organized under chapter 376 (life insurance companies) from these foreign investment provisions