A domestic title insurer shall invest its funds as follows:
(1) Funds in an amount not less than its reserve required by RCW 48.29.120 must be kept invested in investments eligible for domestic life insurers.(2) Other funds may be invested in: (a) The insurer's plant and equipment, up to a maximum of fifty percent of capital plus surplus.(b) Stocks and bonds of abstract companies when approved by the commissioner.(c) Investments eligible for the investment of funds of any domestic insurer.2005 c 223 § 17; 1967 c 150 § 30; 1947 c 79 § .29.13; Rem. Supp. 1947 § 45.29.13.