---
title: O.C.G.A. § 33-11-83. Authorization and requirements for insurers acquiring investments in investment pools.
collection: code
id: 33-11-83
cite_as: O.C.G.A. § 33-11-83 (2025)
canonical_url: https://georgiacommons.org/code/33-11-83
md_url: https://georgiacommons.org/code/33-11-83.md
text_url: https://georgiacommons.org/code/33-11-83/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=577
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
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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 / INVESTMENT POOLS
---

# O.C.G.A. § 33-11-83. Authorization and requirements for insurers acquiring investments in investment pools.

(a) Notwithstanding any provisions of Article 1 or Article 2 of this chapter to the contrary, an insurer may under this article acquire investments in investments pools that:

(1) Invest only in:

(A) Obligations that are rated 1 or 2 by the SVO or have an equivalent of an SVO 1 or 2 rating by a nationally recognized statistical rating organization recognized by the SVO or, in the absence of an SVO 1 or 2 rating or equivalent rating, the issuer has outstanding obligations with an SVO 1 or 2 rating or equivalent rating by a nationally recognized statistical rating organization recognized by the SVO and which have:

(i) A remaining maturity of 397 days or less or a put that entitles the holder to receive the principal amount of the obligation, which put may be exercised through maturity at specified intervals not exceeding 397 days; or

(ii) A remaining maturity of three years or less and a floating interest rate that resets no less frequently than quarterly on the basis of a current short-term index, including federal funds, prime rate, treasury bills, London InterBank Offered Rate (LIBOR), or commercial paper, and is subject to no maximum limit, if the obligations do not have an interest rate that varies inversely to market interest rate changes;

(B) Government money market mutual funds or class one money market mutual funds; or

(C) Securities lending, repurchase, and reverse repurchase transactions that meet all the requirements of Code Section 33-11-7; or

(2) Invest only in investments which an insurer may acquire under this title, if the insurer’s proportionate interest in the amount invested in such investments does not exceed the applicable limits of this title.

## History

Code 1981, § 33-11A-4, enacted by Ga. L. 1997, p. 1042, § 1; Code 1981, § 33-11-83, as redesignated by Ga. L. 1999, p. 592, §§ 14, 15.

## Code Commission Notes

Pursuant to Code Section 28-9-5, in 1999, ‘‘this article’’ was substituted for ‘‘this chapter’’ in subsection (a).