(a) The qualification or disqualification of an investment under one section of this
subchapter does not prevent the investment from qualifying, wholly or partly, under
another section of this subchapter. An investment authorized by more than one section may be held under the authorizing
section elected by the insurance company.
(b) An investment or transaction qualified under any section of this subchapter at
the time the insurance company acquired the investment or entered into the transaction
continues to be qualified under that section.
(c) An insurance company may elect to transfer at any time the qualification of an
investment, wholly or partly, to the authority of any section of this subchapter under
which the investment qualifies at the time of the transfer, regardless of whether
the investment originally qualified under that section.
(d) An investment, once qualified under this subchapter, remains qualified notwithstanding
any refinancing, restructuring, or modification of the investment, except that an
insurance company may not refinance, restructure, or modify an investment to circumvent
the requirements of this subchapter.
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