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Official Code of Georgia Annotated

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

33-11-27. Abstract plant and equipment and stocks of abstract companies.

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

  1. (a)

    In addition to other investments eligible under this article, a title insurer may invest and have invested an amount not exceeding 50 percent of its paid-in capital stock in its abstract plant and equipment and, with the Commissioner’s consent, in stocks of abstract companies.#

  2. (b)

    Investments authorized by this Code section shall not be credited against the insurer’s required unearned premium or guaranty fund reserve provided for under Code Section 33-10-10.#

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.

History

Code 1933, § 56-1026, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, §§ 5, 6.

Read the official page (the state's PDF, opened at the page this text was read from).

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 527; merge action: carried; file SHA-256 4ecec175d949.