2005 Minnesota Statutes - 62C.10 — Investment.

     62C.10 Investment. 


    Funds of a corporation subject to this chapter shall be 
 invested only in securities and property designated by law for 
 investment by domestic life insurance companies.  
 Notwithstanding any limitations set forth in chapter 61A, an 
 organization which has received a certificate of authority from 
 the commissioner to operate under this chapter may invest up to 
 20 percent of its admitted assets in corporations whose business 
 is the arrangement for, management of, or provision of health 
 care services, including dental and related managed care and 
 administrative services.  Any amounts so invested shall, for 
 purposes of section 62C.09, be added to the minimum and maximum 
 reserve requirements as calculated for a service plan 
 corporation. 


    HIST: 1971 c 568 s 10; 1993 c 70 s 1; 1994 c 425 s 12