GHI is a not-for-profit corporation organized pursuant to article 9-C of the Insurance Law for the purpose of providing medical expense indemnity and health service for its subscribers. Article 9-C of the Insurance Law places substantially all of the business activities of GHI under the jurisdiction of the Superintendent of Insurance. Pursuant to subdivisions 1 and 2 of section 260 of the Insurance Law, GHI may, with the approval of the superintendent: "1 * * * invest in...
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