Any domestic insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries engaged in the following kinds of business:
(1) any kind of insurance business authorized by the jurisdiction in which it is incorporated;
(2) acting as an insurance broker or as an insurance producer for its parent or for any of its parent's insurer subsidiaries;
(3) investing, reinvesting, or trading in securities for its own account, that of its parent, any subsidiary of its parent, or any affiliate or subsidiary;
(4) management of any investment company subject to or registered pursuant to the Investment Company Act of 1940, as amended, including related sales and services;
(5) acting as a broker-dealer subject to or registered pursuant to the Securities Exchange Act of 1934, as amended;
(6) rendering investment advice to governments, government agencies, corporations, or other organizations or groups;
(7) rendering other services related to the operations of an insurance business, including but not limited to actuarial, loss prevention, safety engineering, data processing, accounting, claims, appraisal, and collection services;
(8) ownership and management of assets which the parent corporation could itself own or manage;
(9) acting as administrative agent for a governmental instrumentality which is performing an insurance function;
(10) financing of insurance premiums, insurance producers, and other forms of consumer financing;
(11) any other business activity determined by the commissioner to be reasonable ancillary to an insurance business;
(12) owning a corporation or corporations engaged or organized to engage exclusively in one or more of the businesses specified in this section.