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Section 27-41-7

Particular investments — Bonds, notes, etc., of United States.

An insurer may invest in bonds, notes, warrants, debentures and other evidences of indebtedness which are direct obligations of the United States of America for which the full faith and credit of the United States of America is pledged for the payment of principal and interest.

(Acts 1977, No. 408, p. 530, §7.)

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