South Carolina Statutes
§ 38-33-120 — Investment of funds.
With the exception of investments made in accordance with Section 38-33-50 (A)(1) and (2) and (B), the funds of a health maintenance organization must be invested only in securities or other investments permitted by the laws of this State for the investment of assets which qualify to cover policyholder obligations of life insurance companies or such other securities or investments as the director or his designee may permit.
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South Carolina § 38-33-120 (Investment of funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Enacted as 1976 Code SECTION 38-25-120 by 1987 Act No. 83, SECTION 1; recodified as SECTION 38-33-120 by 1987 Act No. 155, SECTION 24; 1993 Act No. 181, SECTION 633.
Nearby Sections
15
§ 38-33-10
Short title.§ 38-33-110
Complaint procedures; reports; malpractice claims; applicability of Freedom of Information Act.§ 38-33-120
Investment of funds.§ 38-33-160
Operation of health maintenance organization by insurance company; contracts for cost of care.§ 38-33-190
Rehabilitation, liquidation, or conservation of a health maintenance organization; priorities.§ 38-33-20
Definitions.§ 38-33-200
Implementation of regulations.§ 38-33-220
Fees.