---
title: O.C.G.A. § 33-11-4. Authorization of loan or investment of insurer.
collection: code
id: 33-11-4
cite_as: O.C.G.A. § 33-11-4 (2025)
canonical_url: https://georgiacommons.org/code/33-11-4
md_url: https://georgiacommons.org/code/33-11-4.md
text_url: https://georgiacommons.org/code/33-11-4/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=510
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
previous: https://georgiacommons.org/code/33-11-3.md
next: https://georgiacommons.org/code/33-11-5.md
index: https://georgiacommons.org/code/index.md
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. § 33-11-4. Authorization of loan or investment of insurer.

An insurer shall not make any investment or loan other than policy loans or annuity contract loans of a life insurer unless the same is authorized or approved by the insurer’s board of directors or by a committee authorized by the board and charged with the supervision or making of the investment or loan. The minutes of the committee shall be recorded and regular reports of the committee shall be submitted to the board of directors.

## History

Code 1933, § 56-1004, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.