---
title: O.C.G.A. § 33-11-13. Obligations of political subdivisions or public authorities of states of United States, District of Columbia, or government of Canada.
collection: code
id: 33-11-13
cite_as: O.C.G.A. § 33-11-13 (2025)
canonical_url: https://georgiacommons.org/code/33-11-13
md_url: https://georgiacommons.org/code/33-11-13.md
text_url: https://georgiacommons.org/code/33-11-13/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch1-22-(v24)-2020-pdf.pdf?sfvrsn=a873240d_0#page=515
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/33-11.md
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: INSURANCE / INVESTMENTS / INVESTMENTS OF CERTAIN INSURERS
---

# O.C.G.A. § 33-11-13. Obligations of political subdivisions or public authorities of states of United States, District of Columbia, or government of Canada.

An insurer may invest in the obligations of any county, any incorporated city, town, or village, any school district, water district, sewer district, road district, or any special district, or any other political subdivision or public authority of any state, territory, or insular possession of the United States, or of the District of Columbia, or of the Canadian cities that have a population of over 25,000 according to the most recent official Census of Canada, which has not defaulted for a period of 120 days in the payment of interest upon, or for a period of more than one year in the payment of principal of, any of its bonds, notes, warrants, certificates of indebtedness, securities, or any other interest-bearing obligation during the five years immediately preceding the acquisition of the investment.

## History

Code 1933, § 56-1012, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6; Ga. L. 2006, p. 767, § 1/SB 385.