NY A10773

Increases the limit for foreign country investments in subparagraph (C) from sixteen percent to twenty percent of an insurer's admitted assets.

Increases the per-country investment limit in subparagraph (C) from six percent to seven percent of an insurer's admitted assets.

Increases the aggregate limit for additional foreign investments in subparagraph (D) from four percent to six percent of an insurer's admitted assets.

Increases the per-country limit for subparagraph (D) investments from two percent to four percent of an insurer's admitted assets.

Adds new subparagraph (E) allowing foreign-currency denominated investments with relaxed hedging requirements for insurers with approved derivative use plans or using qualified clearinghouses and exchanges, capped at six percent of admitted assets.