State Codes and Statutes
Statutes > Indiana > Title27 > Ar13 > Ch11
IC 27-13-11
Chapter 11. Investments
IC 27-13-11-1
Permitted investments
Sec. 1. 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.
As added by P.L.26-1994, SEC.25.
