statutory investment

Statutory investment

An investment that a trustee is authorized to make under state law.

Statutory Investment

Investments allowed for institutional investors under the legal and regulatory rules of the country in which they are made. Institutional investors, notably banks, handle funds on behalf of clients, who may or may not be interested in investing themselves. As a result, many institutional investors are restricted from making certain high-risk investments. In the case of bonds, statutory investments are called investment-grade. One may also refer to statutory investments as legal investments.

statutory investment

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The new feature provides insurers with a single solution to view all of their statutory investment reporting.
Not only will this help drive our product development area, but her extensive knowledge of statutory investment schedules will be a benefit to all of our customers and our organization.
Statutory investment yields through year-end 2009, which had been relatively flat prior to 2008, continued to compress during 2009.
In addition to the CRA revision, passing the amendment to national banks' statutory investment authority would also give banks an important tool to help foreclosure-plagued urban and suburban middle-income areas.
The Conning Research study, "Investment Profile of the Life Insurance Industry-2006 Edition," examines statutory investment information over a five-year period for the industry and compares investment returns and sector strategies for peer groups within each of the key investment classes.
This is important because most statutory investment guidelines are stated in NAIC ratings.
State authority over solvency, based on statutory investment and risk-based capital requirements and financial examinations every three years unless financial strength justifies a deferment to five years.
This 15 percent threshold allows banking organizations a cushion for growth between the statutory investment limit and the higher capital charges under the revised proposal.
The study covered the following major aspects of the VRS investment program: organizational structure, policies and procedures, asset allocation, investment performance, managed futures and statutory investment restrictions.
Fitch's new report 'Property/Casualty Insurer Investment Performance' examines long run statutory investment performance for the property/casualty insurance industry and its largest insurers.
The Conning Research study, "Investment Profile of the Life Insurance Industry-2005 Edition," examines statutory investment information over a five-year period for the industry and compares investment returns and sector strategies within each of the key investment classes.
Fitch's action considers approximately $19 million in realized statutory investment losses during 2008, which adversely affected the company's profitability, as well as $240 million in unrealized losses at year-end 2008, which was a reduction to statutory capital.

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