An insurer may invest any of its funds in bonds or notes secured by mortgage or trust deed guaranteed or insured by the federal housing administration under the terms of an act of Congress of the United States of June 27, 1934, entitled the "National Housing Act," as amended.
S.D. Codified Laws § 58-27-36
Bonds or notes secured by mortgage or trust deed guaranteed by federal housing administration
Source: SL 1966, ch 111, ch 6, § 24 (4).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.