Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 11. INVESTMENTS · Article 1. INVESTMENTS OF CERTAIN INSURERS

33-11-17. Obligations issued, assumed, or guaranteed by Asian Development Bank.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

An insurer may invest in obligations issued, assumed, or guaranteed by the Asian Development Bank, in which bank the United States is a subscribing participant by virtue of an act of Congress approved March 16, 1966, entitled Asian Development Bank Act. The investments authorized by this Code section shall not be counted as an investment of reserves of paragraph (4) of Code Section 33-11-5 at any time in an amount greater than 5 percent of the insurer’s admitted assets.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1933, § 56-1041, enacted by Ga. L. 1972, p. 295, § 1; Ga. L. 1999, p. 592, § 6.

U.S. Code.: The Asian Development Bank Act, referred to in this Code section, is codified as 22 U.S.C. § 285 et seq.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, page 518; merge action: carried; file SHA-256 4ecec175d949.