Equipment trust obligations or certificates

An insurer may invest in equipment trust obligations or certificates adequately secured and evidencing an interest in transportation equipment, wholly or in part within the United States of America, and the right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the transportation equipment. History. — Code 1933, § 56-1017, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6. 33-11-23. Loans secured by pledge of securities or by pledge or assignment of life insurance policies. An insurer may invest in loans which are secured by pledge of securities eligible for investment under this article or by the pledge or assignment of life insurance policies issued by other insurers authorized to transact insurance in this state. On the date made, no loan shall exceed in amount 75 percent of the market value of the collateral pledged. The amount so loaned shall be included in the maximum percentage of funds permitted under this article to be invested in the kinds of securities or evidences of debt pledged. History. — Code 1933, § 56-1019, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, §§ 5, 6. 33-11-24. Loans to policyholders secured by policy.