Rule 26

Investment

Rule 26

Investment

A. The funds of the Association may be invested as the Directors (or the Managers subject to the supervision of the Directors) may think fit.

B. Unless the Directors otherwise decide, all the funds standing to the credit of any policy year or of any reserve or account shall be pooled and invested as one fund.

C. When funds are pooled as provided in paragraph (B) above, the investment income arising on the pooled funds shall be apportioned among and between the different policy years, reserves and accounts as the Directors may think fit.