Chap. 422.          AN   ACT   RELATIVE   TO    LIFE    INSURANCE   COM-
PANY SEPARATE ACCOUNTS.
Be it enacted,   etc.,   as  follows:
The first paragraph of section 132H of chapter 175 of the General Laws, as appearing in section 21 of chapter 391 of the acts of 1968, is hereby amended by adding the following sentence:- Except as provided in this section, the investment limitations based on percentages of the life company's assets or percentages of capital and surplus, other than that contained in the second sentence in the third paragraph of section sixty-four, shall not apply, either in whole or in part, to any investments of assets by a life company allocated to any separate accounts. Assets allocated by a life company to separate accounts shall be wholly disregarded and shall not be taken into consideration in applying such investment limitations to investment of assets in a life company's general investment account.
Approved   September 29,   1981.