A health care plan shall invest its funds only in such securities and assets as are eligible for investment of the funds of health insurers under Article 9 [Chapter 59A, Article 9 NMSA 1978] (investments) of the Insurance Code, and subject to the provisions of that article as to investments and assets of such insurers.
§ 59A-47-18 NMSA 1978
Investments
Known as the Nonprofit Health Care Plan Law
The act spans §§ 59–59 (84 sections).
Laws 1984, ch. 127, § 879.16.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.