Tenn. Comp. R. & Regs. 0180-12-.10 - INVESTMENT RATING

None of the securities or obligations described in T.C.A. § 45-3-601 shall be eligible for investment unless rated in one of the four highest investment grades by one of the following rating services:

(1) Moody's
(2) Standard & Poors
(3) Fitch

Notes

Tenn. Comp. R. & Regs. 0180-12-.10
Original rule certified June 10, 1974. Repeal and new rule filed June 30, 1980; effective September 15, 1980. Transferred from the Department of Commerce and Insurance by Executive Order Number 38; effective February 11, 1983.

Authority: T.C.A. §§ 45-3-402 and 45-3-601(c).

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