Section 58-27-16 - Obligations of international bank and certain development banks forreconstruction and development.
58-27-16. Obligations of international bank and certain development banks for reconstruction and development. An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development, by the African Development Bank, or other development banks as approved by and reflected in the securities valuation manual of the National Association of Insurance Commissioners.
Source: SL 1966, ch 111, ch 6, § 11; SL 1989, ch 435.