There is a newer version of the Kansas Statutes
2011 Kansas Code
Chapter 40. - INSURANCE
Article 2b. - INVESTMENTS BY LIFE INSURANCE COMPANIES
40-2b16 Bank certificates of deposit.
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.
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