KRS 304.29-211: Investments.

A society shall invest its funds only in such investments as are authorized by the laws of

this state for the investment of assets of life insurers and subject to the limitations

thereon. Any foreign or alien society permitted or seeking to do business in this state

which invests its funds in accordance with the laws of the state, district, territory, county

or province in which it is incorporated, shall be held to meet the requirements of this

section for the investment of funds.