§431:6-302 - Corporate obligations.

     §431:6-302  Corporate obligations.  An insurer may invest any of its funds in obligations other than those eligible for investment under section 431:6-306 if they are:

     (1)  Issued, assumed, or guaranteed by any solvent institution created or existing under the laws of the United States or of any state, or district thereof; and

     (2)  Filed with the SVO or are considered "filing exempt" by the Purposes and Procedures Manual of the SVO, or its successor publication. [L 1987, c 347, pt of §2; am L 2008, c 142, §5]