58-27-16. Obligations of international bank and certain development banks for reconstruction and development.
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/sd/title-58/chapter-58-27/58-27-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development, by the African Development Bank, or other development banks as approved by and reflected in the securities valuation manual of the National Association of Insurance Commissioners.