41-720 — SAVINGS AND SHARE ACCOUNTS

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 7
                                 INVESTMENTS
    41-720.  SAVINGS AND SHARE ACCOUNTS. An insurer may invest or deposit any
of its funds in time certificates or share or savings accounts of banks,
savings and loan associations and credit unions; provided, however, that funds
may be deposited in any one (1) such savings and loan association or credit
union only to the extent that such an account is insured by either the federal
savings and loan insurance corporation or the national credit union insurance
fund.