Official Code of Georgia Annotated

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

33-11-8. Foreign securities.

Active

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

An insurer authorized to transact insurance in a foreign country may make investments, in a manner consistent with the laws of such country, in securities or other investments within such foreign country which are similar in characteristics and quality to like investments required pursuant to this article for investments in the United States of America. The aggregate amount of the investments must not exceed the amount which is customary and necessary for the servicing of the insurance which the insurer has in force in the foreign country. Canadian securities eligible for investment under this article are not subject to this Code section.

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, § 56-1021, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1980, p. 1108, § 6; 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 513; merge action: carried; file SHA-256 4ecec175d949.