§ 59A-9-7 — Obligations, stock of certain federal and international

agencies. An insurer may invest in the obligations, and stock where stated, issued, assumed or guaranteed by the following agencies of the United States government, or in which such government is a participant, whether or not the obligations are guaranteed by it: A. farm loan bank; B. commodity credit corporation; C. federal intermediate credit banks; D. federal land banks; E. central bank for cooperatives; F. federal home loan banks, and stock thereof; G. federal national mortgage association, and stock thereof when acquired in connection with sale of mortgage loans to such association; H. international bank for reconstruction and development; I. inter-American development bank; J. Asian development bank; K. African development bank; and L. any other similar agency of, or participated in by, the United States government and of similar financial quality.

Legislative History

Laws 1984, ch. 127, § 140; 1988, ch. 22, § 2.