With the exception of investments made in accordance with section 10-16-403 (1)(a) and (2), the investable funds of a health maintenance organization shall be invested only in securities or other investments permitted by the laws of this state for the investment of assets constituting the legal reserves of life insurance companies or such other securities or investments as the commissioner may permit.
Source: L. 92: Entire article R&RE, p. 1702, § 1, effective July 1.
Editor's note: This section is similar to former § 10-17-113 as it existed prior to 1992.