Insurace Co. Investments

Reno, Attorney General,

In a letter dated March 29, 1939, you seek advice on the matter of the investment of funds of fire and casualty insurance companies.

There is seemingly no unanimity in the interpretation of the sections of The Insurance Company Law of May 17,1921, P. L. 682, which deal with the manner in which funds of such companies are to be invested.

The background of the situation is that the legislature has provided safeguards to protect policyholders by restricting investments of the various classes of insurance companies.

*241Sections 404 and 405 treat of the investment of funds of life…