™Your Policy Risk Impact Agent
73 chapters · 1,492 sections in this title.
O.C.G.A. § 33-11-58 Percentage of securities from single issuer; assignment of excesses; compliance; investment in government obligations
3.0K chars
(a)(1) For purposes of determining compliance with Code Section 33-11-61, securities of a single issuer and its affiliates, other than: (A) The government of the United States; or (B) Government sponsored enterprises, shall not exceed 10 percent of admitted assets. (2) This limit…
O.C.G.A. § 33-11-59 Obligations in different currencies
0.7K chars
An insurer doing business that requires it to make payment in different currencies shall have investments in securities in each of these currencies in an amount that independently of all other investments meets the requirements of this article as applied separately to the insurer…
O.C.G.A. § 33-11-60 Prohibited investments and activities
1.0K chars
In addition to investments excluded or prohibited pursuant to other provisions of this article, an insurer shall not, directly or indirectly: (1) Engage on its own behalf or through one or more affiliates in a transaction or series of transactions designed to evade the prohibitio…
O.C.G.A. § 33-11-61 Using investment assets to satisfy minimum assets requirements; qualification of admitted assets; determining financially hazardous insurer
0.9K chars
(a) Invested assets may be counted toward satisfaction of the minimum asset requirement only so far as they are invested in compliance with this article and applicable regulations promulgated and orders issued by the Commissioner pursuant to this article. Assets other than invest…