2007 Minnesota Statutes

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