(1) The insurer may invest and have invested such funds as it may have on hand pursuant to this chapter but not necessary to expend for current expenses and losses, in investments as authorized by the following sections of the Idaho Code only: Section 41-707[, Idaho Code] (public obligations);
(2) Section 41-708[, Idaho Code] (obligations, stock of certain federal agencies);
(3) Section 41-709[, Idaho Code] (irrigation district bonds);
(4) Section 41-716[, Idaho Code] (investment trust securities);
(5) Section 41-720[, Idaho Code] (savings and share accounts);
(6) Sections 41-721 through 41-725[, Idaho Code] (mortgage loans), as to mortgage loans on Grange halls only; and
(7) Section 41-3115[, Idaho Code] (site for head office).
(8) The following sections of the Idaho Code shall to the extent applicable, also apply with respect to such an insurer: Section 41-702[, Idaho Code] (eligible investments);
(9) Section 41-703[, Idaho Code] (general qualifications);
(10) Section 41-704[, Idaho Code] (authorization of investments);
(11) Section 41-705[, Idaho Code] (record of investments);
(12) Section 41-706(1)[, Idaho Code] (diversification of investments in securities, etc. of any one person);
(13) Section 41-730[, Idaho Code] (disposal of ineligible property and securities); and
(14) Section 41-731[, Idaho Code] (prohibited investments and investment underwriting).