Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 14. DOMESTIC STOCK AND MUTUAL INSURERS · Article 5. LIMITED PURPOSE SUBSIDIARY INSURANCE COMPANIES

33-14-107. Assets.

Active

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

(a)
Assets of a limited purpose subsidiary that are approved by the Commissioner as admitted assets must comply with requirements established by the Commissioner under rules adopted pursuant to this article.#
(b)
All other assets shall not be admitted assets.#

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.

History

Code 1981, § 33-14-107, enacted by Ga. L. 2011, p. 446, § 1/HB 341; Ga. L. 2019, p. 337, § 1-72/SB 132. The 2019 amendment, effective July 1, 2019, substituted ‘‘not be admitted assets’’ for ‘‘be nonadmitted’’ in subsection (b).

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