An insurer may invest in obligations issued or guaranteed by the following agencies of the United States of America:
- (1) Commodity Credit Corporation;
- (2) Federal intermediate credit banks;
- (3) Federal land banks;
- (4) Central bank for cooperatives;
- (5) Federal home loan banks;
- (6) Federal National Mortgage Association;
- (7) Federal Home Loan Mortgage Corporation;
- (8) Tennessee Valley Authority; and
- (9) Any other similar agency of the government of the United States of America having similar financial quality.
(Acts 1977, No. 408, p. 530, §12.)