Investment of funds in securities

In addition to any investment permitted pursuant to § 58-5-156 , a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following: (1) The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156 ; or (2) The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes. Source: SL 1998, ch 287 , § 4.