§432:1-402 - Investments of certain mutual benefit societies.
§432:1-402 Investments of certain mutualbenefit societies. No domestic mutual benefit society promising oroffering to pay death, sick, disability, or other benefits in an amount equalto or in excess of $25 shall invest any of its assets other than as authorizedand provided for in respect to domestic insurance companies and societies underthe provisions of article 6 of the insurance code, which provisions are herebyextended to and made applicable to the mutual benefit societies. [L 1987, c347, pt of §2]