§ 27-13-11-1 — Permitted investments

Except for investments under IC 27-13-4-1(a)(1), the funds of a health maintenance organization or
limited service health maintenance organization may be invested only
as follows:
(1) The funds of a health maintenance organization or limited
service health maintenance organization that is domiciled in
Indiana may be invested only in the types of securities and other
investments in which investment is authorized under IC 27-1-13-3.
(2) The funds of a foreign corporation (as defined in IC 27-1-2-3)
that obtains a certificate of authority to operate a health
maintenance organization under IC 27-13-2-3 or a limited service
health maintenance organization under IC 27-13-34-9 may be
invested only in the types of securities and other investments in
which investment is authorized:
(A) under the law of the state in which the foreign corporation
is domiciled, if that law is acceptable to the commissioner; or
(B) under IC 27-1-13-3, if the law of the state in which the
foreign corporation is domiciled is silent or if the law of that
state is not acceptable to the commissioner.

Legislative History

As added by P.L.26-1994, SEC.25.