§431:6-304 Trustees or receivers obligations. An insurer may invest any of its funds, in an aggregate amount not exceeding two per cent of its assets, in certificates, notes or other obligations issued by trustees or receivers of institutions existing under the laws of the United States or of any state, district or territory thereof, which, or the assets of which, are being administered under the direction of any court having jurisdiction, if the obligation is adequately secured as to principal and interest. [L 1987, c 347, pt of §2]
Section: Previous 431-6-104 431-6-105 431-6-106 431-6-201 431-6-301 431-6-302 431-6-303 431-6-304 431-6-305 431-6-306 431-6-307 431-6-308 431-6-309 431-6-310 431-6-311 NextLast modified: October 27, 2016