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.
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