33-11-84. Qualification in investment pool.

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

For an investment in an investment pool to be qualified under this article, the investment pool shall not:
(1)
Acquire securities issued, assumed, guaranteed, or insured by the insurer or an affiliate of the insurer;#
(2)
Borrow or incur an indebtedness for borrowed money, except for securities lending and reverse repurchase transactions that meet the requirements of this article; or#
(3)
Permit the aggregate value of securities then loaned or sold to, purchased from, or invested in any one business entity under this article to exceed 10 percent of the total assets of the investment pool.#

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 1981, § 33-11A-5, enacted by Ga. L. 1997, p. 1042, § 1; Code 1981, § 33-11-84, as redesignated by Ga. L. 1999, p. 592, §§ 13, 15.

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