Georgia § 33-11-85 Limitations to insurer's investment

Georgia Statutes

§ 33-11-85 — Limitations to insurer's investment

Georgia § 33-11-85

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This text of Georgia § 33-11-85 (Limitations to insurer's investment) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 33-11-85 (2026).

Text

The limitations of paragraphs (1) and (2) of Code Section 33-11-5 shall not apply to an insurer's investment in an investment pool; provided, however, that an insurer shall not acquire an investment in an investment pool under this article if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer under this article:

(1)In any one investment pool would exceed 10 percent of its admitted assets;

(2)In all investment pools investing in investments permitted under paragraph (2) of subsection (a) of Code Section 33-11-83 would exceed 25 percent of its admitted assets; or (3) In all investment pools would exceed 35 percent of its admitted assets.

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The limitations of paragraphs (1) and (2) of Code Section 33-11-5 shall not apply to an insurer's investment in an investment pool; provided, however, that an insurer shall not acquire an investment in an investment pool under this article if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer under this article: (1) In any one investment pool would exceed 10 percent of its admitted assets; (2) In all investment pools investing in investments permitted under paragraph (2) of subsection (a) of Code Section 33-11-83 would exceed 25 percent of its admitted assets; or (3) In all investment pools would exceed 35 percent of its admitted assets.