Single Issuer Limits. Exposure to single issuers is limited to protect against the risk of concentrated exposure to any one entity. • Limit: 3% of admitted assets per single issuer (or pool of assets, in the case of ABS), except for RMBS/CMBS. • RMBS/CBMS Limit: 5% of admitted assets per pool of assets. • Mortgage Loans: 2% of legal reserve in any single parcel of property. • Miscellaneous Investment Bucket: 3% per single issuer. Single Issuer Limit by Rating: • NAIC 3: 1% of admitted assets • NAIC 4-6: 0.5% of admitted assets
Appears in 2 contracts
Samples: Investment Management Agreement (FGL Holdings), Management Agreement (FGL Holdings)
Single Issuer Limits. Exposure to single issuers is limited to protect against the risk of concentrated exposure to any one entity. • · Limit: 3% of admitted assets per single issuer (or pool of assets, in the case of ABS), except for RMBS/CMBS. • · RMBS/CBMS Limit: 5% of admitted assets per pool of assets. • · Mortgage Loans: 2% of legal reserve in any single parcel of property. • · Miscellaneous Investment Bucket: 3% per single issuer. Single Issuer Limit by Rating: • · NAIC 3: 1% of admitted assets • · NAIC 4-6: 0.5% of admitted assets
Appears in 2 contracts
Samples: Investment Management Agreement, Investment Management Agreement (FGL Holdings)
Single Issuer Limits. Exposure to single issuers is limited to protect against the risk of concentrated exposure to any one entity. • Limit: 3% of admitted assets per single issuer (or pool of assets, in the case of ABS), except for RMBS/CMBS. • RMBS/CBMS Limit: 5% of admitted assets per pool of assets. • Mortgage Loans: 2% of legal reserve in any single parcel of property. • Miscellaneous Investment Bucket: 3% per single issuer. Single Issuer Limit by Rating: • NAIC 3: 1% of admitted assets • NAIC 4-6: 0.5% of admitted assets•
Appears in 1 contract
Samples: Investment Management Agreement (F&G Annuities & Life, Inc.)
