An insurer may invest any of its funds in obligations other than those eligible for investment under section 41-721, Idaho Code, (mortgage loans and contracts), if they are issued, assumed, or guaranteed by any solvent institution created or existing under the laws of the United States or of any state, district or territory thereof, or of the government of Canada or any province thereof, and if said institution is not in default as to principal or interest on any of its obligations.
Idaho Code § 41-711
Corporate obligations
1961, ch. 330, § 148, p. 645; am. 1969, ch. 214, § 18, p. 625; am. 1978, ch. 142, § 1, p. 322; am. 1983, ch. 189, § 3, p. 510.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.