Section 10. The reserves of a dental service corporation shall be invested only in such securities as are permitted under chapter 175 for the investment of the reserves of insurance companies. A dental service corporation shall have the right to acquire and own real estate to be occupied by itself in the transaction of its business. The commissioner may require any such corporation after its first full calendar year of doing business to accumulate and maintain a special contingent surplus, over and above its reserves and liabilities, in such amount as the commissioner may deem proper. All other funds of a dental service corporation shall be invested only as is permitted by chapter 180A for the investment of institutional funds.
Structure Massachusetts General Laws
Part I - Administration of the Government
Chapter 176e - Dental Service Corporations
Section 2 - Incorporators; Formation; Articles of Organization; Certification
Section 4 - Contracts for Dental and Surgical Services; Disapproval
Section 5 - Subscribers; Qualifications; Misrepresentation
Section 6 - Subscription Certificate; Issuance; Contents
Section 7 - Contracts Between Corporation and Dentist; Disclosure of Fees to Patients
Section 8 - Annual Statement; Verification; Form; Violations
Section 8a - Financial Statements; Inclusion of Electronic Data Processing Equipment as Asset
Section 8b - Applicability of Chapter 176v to Dental Service Corporations Governed by This Chapter
Section 8c - Applicability of Chapter 176w to Dental Service Corporations Governed by This Chapter
Section 11 - Salaries, Compensation or Emoluments
Section 12 - Disputes or Controversies; Submission to Board; Review
Section 13 - Grounds for Enjoining Transaction of Business; Receivers
Section 14 - Status; Immunity; Exemptions
Section 15 - Operators of Dental Service Plan