§431:6-315  Banks, savings and loanassociations, credit unions, and financial services loan companies.  (a) An insurer may invest or deposit any of its funds in checking or savingsaccounts, under separate certificates of deposit, or in any other form insolvent banks or trust companies.

(b)  An insurer may invest any of its funds inshares or savings accounts in solvent savings and loan associations that areinsured by the Federal Deposit Insurance Corporation.

(c)  An insurer may deposit any of its funds inshares or share draft accounts in solvent state chartered credit unions orfederally chartered credit unions.

(d)  An insurer may invest or deposit any ofits funds in savings accounts, in certificates of deposit, or in any other formin solvent financial services loan companies that are insured by the FederalDeposit Insurance Corporation. [L 1987, c 347, pt of §2; am L 1993, c 107, §2]