Section 14-44-14 - Investment of deferred amounts(a) The amounts deferred under the plan shall be invested by the board in annuities, life insurance, savings accounts, mutual funds, or other investment products that are commonly offered in the securities industry or other deferred compensation plans and are determined by the board to be reasonably prudent investment products.(b) Contracts entered into between the board and the companies selected by the board to offer the investment products for the plan shall be binding upon the participants.[Eff. MAY 12 1983] (Autn: HRS § 88E-3) (Imp: HRS §§ 88E-3, 88E-9)