TITLE 33 INSURANCE

Section 21. Health Maintenance Organizations, 33-21-1 through 33-21-29.

ARTICLE 4 JOINT COMMITTEE TO STUDY PRESCRIPTION COSTS IN STATE FUNDED HEALTH CARE PLANS

33-21-11. Investment of funds of organizations.

With the exception of investments made in accordance with paragraphs (1) and (2) of subsection (a) and subsection (b) of Code Section 33-21-8, 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. The investments shall be subject to the same terms, conditions, and limitations which apply to life insurance companies.

(Code 1933, § 56-3611, enacted by Ga. L. 1979, p. 1148, § 1.)