The capital and other invested assets of the company shall be invested in real estate mortgages or mortgage notes, not exceeding one-half (½) of the value of the property, or in such other securities as are permitted for investment by domestic stock fire insurance companies.
Investment of guaranty capital and other assets
Tenn. Code Ann. § 56-21-104, under State Mutual Fire Insurance Companies.
Tenn. Code Ann. § 56-21-104