MUNICIPAL OBLIGATIONS. Investments may be made in debt obligations issued by states, territories and possessions of the United States and The District of Columbia and their political subdivisions, agencies and instrumentalities, or multi-state agencies or authorities, the interest from which is exempt from federal income tax on the following conditions:
Appears in 5 contracts
Samples: Indemnity Reinsurance Agreement (CNO Financial Group, Inc.), Reinsurance Trust Agreement (CNO Financial Group, Inc.), New York Indemnity Reinsurance Agreement (CNO Financial Group, Inc.)