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.
1971 c 568 s 10; 1993 c 70 s 1; 1994 c 425 s 12
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 62C — Nonprofit Health Service Plan Corporations
Section 62C.01 — Nonprofit Health Service Plan Corporations Act.
Section 62C.03 — Service Plan Corporations Authorized.
Section 62C.04 — Organization.
Section 62C.05 — Articles Of Incorporation; Bylaws.
Section 62C.06 — Approval Of Articles And Bylaws.
Section 62C.07 — Directors; Management.
Section 62C.08 — Certificate Of Authority.
Section 62C.09 — Financial Requirements.
Section 62C.11 — Financial Statements And Examinations.
Section 62C.13 — Authorized Contracts And Agreements.
Section 62C.14 — Subscriber Contracts.
Section 62C.142 — Continuation And Conversion Privileges For Former Spouses And Children.
Section 62C.15 — Subscription Charges.
Section 62C.16 — Service Agreements.
Section 62C.17 — License For Solicitor Or Agent.
Section 62C.18 — Personal Liability.
Section 62C.19 — Unfair Trade Practices.