33-18-25
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33-18-25.
The
funds of any medical service corporation subject to this chapter shall be
invested only in securities in which assets of insurance companies may be
authorized under the laws of this state. Nothing contained in this Code section
shall be deemed to prohibit such corporation from investing its funds in a home
office building or other tangible assets related to the operation of its
business or from investing its funds in a wholly owned subsidiary agency
corporation organized to solicit applications for insurance policies to be
issued by an insurer authorized to transact life insurance in this state,
subject to the same requirements, conditions, restrictions, and limitations as
are applicable to such investments by life insurers.