A limited purpose subsidiary that is granted a certificate of authority by the Commissioner under this article: (1) Is wholly owned by the organizing domestic reinsurer; (2) Is authorized to engage in the business of reinsurance only for the lines of insurance for which the organizing domestic reinsurer is authorized; (3) May reinsure only risks of the organizing domestic reinsurer; and (4) May access alternative forms of financing. History. — Code 1981, § 33-14-103, enacted by Ga. L. 2011, p. 446, § 1/HB 341. 33-14-104. Investment of funds.
Powers of limited purpose subsidiary
O.C.G.A. § 33-14-103 — under Title 33.
O.C.G.A. § 33-14-103