2005 Idaho Code - 68-406 — LIFE, ENDOWMENT AND ANNUITY CONTRACTS -- INVESTMENT OF FUNDS

                                  TITLE  68
                            TRUSTS AND FIDUCIARIES
                                  CHAPTER 4
                              LEGAL INVESTMENTS
    68-406.  LIFE, ENDOWMENT AND ANNUITY CONTRACTS -- INVESTMENT OF FUNDS. All
guardians, trustees and other fiduciaries may legally invest any funds
administered by them in any life, endowment or annuity contracts issued by any
legal reserve life insurance company authorized to do business in the state of
Idaho, it being the purpose of this act to authorize any private person, bank,
trust company or other institution acting as guardian, trustee or fiduciary to
invest funds coming into their possession or under their control as such
guardian, trustee or fiduciary in any life, endowment, or annuity contracts
issued by any legal reserve insurance company authorized to do business in the
state of Idaho, when, in their opinion, it will be for the best interests of
their wards or trust estate, provided, however, that whenever an order of the
probate court or other court has been heretofore required by law for the
investment of any funds being administered by such guardian, trustee or other
fiduciary, then such order shall be required in cases of investment of funds
under this act.