40-2b16. Bank certificates of deposit. Any life insurance company heretofore or hereafter organized under any law of this state may invest by loans or otherwise, with the direction or approval of a majority of its board of directors or authorized committee thereof, any of its funds, or any part thereof in certificates of deposit in a federally insured bank.
History: L. 1972, ch. 179, ยง 16; July 1.
Structure Kansas Statutes
Article 2b - Investments By Life Insurance Companies
40-2b01 United States government obligations; call options.
40-2b02 State, District of Columbia, territorial and municipal obligations.
40-2b03 Canadian government, provincial and municipal obligations.
40-2b04 Investments in foreign jurisdictions and currencies; definitions.
40-2b05 Business entity obligations; definitions.
40-2b06 Preferred and guaranteed stocks; definitions.
40-2b07 Equity interests; call options.
40-2b08 Equipment trust obligations or conditional sales contracts.
40-2b09 Real estate bonds, mortgages, tax lien certificates.
40-2b15 Savings and loan shares or deposits.
40-2b16 Bank certificates of deposit.
40-2b18 Real estate investment trusts.
40-2b19 Prior lawful investments.
40-2b24 Investment companies; money market mutual funds.
40-2b26 Mortgage related securities.
40-2b27 Medium and lower grade obligations; definitions.
40-2b28 Same; limitations; exceptions; insurance company required to adopt written investment plan.
40-2b29 Investment in asset-backed securities; conditions; definitions.