Pennsylvania Consolidated Statutes (Last Updated: January 27, 2015) |
Title40 INSURANCE |
PARTIII. SPECIAL PROVISIONS RELATING TO PARTICULAR CLASSES OF INSURERS |
ARTICLEA. HEALTH PLAN CORPORATIONS |
CHAPTER61. HOSPITAL PLAN CORPORATIONS |
SUBCHAPTERB. REGULATION GENERALLY |
§6123. Investment of funds.
Latest version.
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Any statute to the contrary notwithstanding, funds of any hospital plan corporation, equal to its reserves, shall be invested in compliance with the requirements of law for the investment of the capital and reserves of life insurance companies. The funds of any such corporation, equal to its surplus, shall be invested in compliance with the requirements of law for the investment of the surplus of life insurance companies.