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