§ 48.13.090. Trustees' or receivers' obligations
An insurer may invest any of its funds, in an aggregate amount not exceeding two percent 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 such obligation is adequately secured as to principal and interest.
[1947 c 79 § .13.09; Rem. Supp. 1947 § 45.13.09.]
Sections: Previous 48.13.020 48.13.030 48.13.040 48.13.050 48.13.060 48.13.070 48.13.080 48.13.090 48.13.100 48.13.110 48.13.120 48.13.125 48.13.130 48.13.140 48.13.150 NextLast modified: April 7, 2009