Official Code of Georgia Annotated

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

33-11-32. Limitation on investments pursuant to Code Sections 33-11-30 or 33-11-31.

Active

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

No investment in real property shall be made by any insurer pursuant to Code Section 33-11-30 or 33-11-31 which will cause the insurer’s investment in all real property owned or held by it directly or indirectly to exceed 25 percent of its 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, § 56-1031, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.

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