An insurer may invest in obligations issued or guaranteed by the following agencies of the United States of America: (1) Commodity Credit Corporation; (2) Federal intermediate credit banks; (3) Federal land banks; (4) Central bank for cooperatives; (5) Federal home loan banks; (6) Federal National Mortgage Association; (7) Federal Home Loan Mortgage Corporation; (8) Tennessee Valley Authority; and (9) Any other similar agency of the government of the United States of America having similar financial quality.
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