40-2b16. Bank certificates of deposit.

40-2b16

Chapter 40.--INSURANCE Article 2b.--INVESTMENTS BY LIFE INSURANCE COMPANIES

      40-2b16.   Bank certificates of deposit.Any life insurance company heretofore or hereafter organized under anylaw of this state may invest by loans or otherwise, with the direction orapproval of a majority of its board of directors or authorized committeethereof, any of its funds, or any part thereof in certificates of depositin a federally insured bank.

      History:   L. 1972, ch. 179, § 16; July 1.