Money over and above capital, other than the unearned premium reserve, may be invested in the following classes of investments:
(1) Any of the classes of investment authorized in section 732 of this article. (2) Corporate Stock or Shares. Stock or shares of any solvent corporation, incorporated under the laws of the United States or any state, district or territory thereof, the Commonwealth of Puerto Rico, or of the Dominion of Canada or any province thereof, including the stock of another title insurance company.(3) Corporate Obligations. Bonds, notes or obligations issued, assumed or guaranteed by any solvent corporation or business trust, incorporated or existing under the laws of the United States or any state, district or territory thereof, the Commonwealth of Puerto Rico, or of the Dominion of Canada or any province thereof.(4) Canadian Governmental Subdivision Obligations. Valid and legally authorized bonds, notes or obligations issued, assumed or guaranteed by any province, county, city, town, village, municipality or political subdivision of the Dominion of Canada.(5) Other Loans or Investments. Loans or investments not qualifying or permitted under the preceding subsections of this section, to an amount not exceeding five per cent of such company's admitted assets.1921, May 17, P.L. 682, art. VII, § 733, added 1963, Aug. 14, P.L. 922, § 3.