40-2b02. State, District of Columbia, territorial and municipal obligations. - Kansas Statutes

40-2b02

Chapter 40.--INSURANCE Article 2b.--INVESTMENTS BY LIFE INSURANCE COMPANIES

      40-2b02.   State, District of Columbia, territorial and municipalobligations.Any life insurance company heretofore or hereafter organized under anylaw of this state may invest by loans or otherwise, with the direction orapproval of a majority of its board of directors or authorized committeethereof, any of its funds, or any part thereof in bonds or other evidencesof indebtedness issued, assumed or guaranteed by the District of Columbia,or by any state, insular or territorial possession of the United States ofAmerica, or by any county, city, town, school, road, drainage or otherdistrict, located within any state, or insular or territorial possession ofthe United States of America, or by any political or civil subdivision orgovernmental authority of any such state, or insular or territorialpossession, or by any agency or instrumentality of any such state, orinsular or territorial possession, political or civil subdivision, orgovernmental authority.

      History:   L. 1972, ch. 179, § 2; July 1.