---
title: O.C.G.A. § 33-11-59. Obligations in different currencies.
collection: code
id: 33-11-59
cite_as: O.C.G.A. § 33-11-59 (2025)
canonical_url: https://georgiacommons.org/code/33-11-59
md_url: https://georgiacommons.org/code/33-11-59.md
text_url: https://georgiacommons.org/code/33-11-59/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=561
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/33-11-58.md
next: https://georgiacommons.org/code/33-11-60.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 LIFE, ACCIDENT AND SICKNESS, PROPERTY, AND CASUALTY INSURERS
---

# O.C.G.A. § 33-11-59. Obligations in different currencies.

An insurer doing business that requires it to make payment in different currencies shall have investments in securities in each of these currencies in an amount that independently of all other investments meets the requirements of this article as applied separately to the insurer’s obligations in each currency. The Commissioner may by order exempt an insurer, or by regulation a class of insurers, from this requirement if the obligations in other currencies are small enough that no significant problem for financial solidity would be created by substantial fluctuations in relative currency values.

## History

Code 1981, § 33-11-59, enacted by Ga. L. 1999, p. 592, § 12.