33-35-13. Investment of funds of plans.

Active

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

A sponsor shall invest the funds of a prepaid legal services plan only in such investments as are authorized by the laws of this state for the investment of assets of insurance companies and subject to the limitations placed on the investments.

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 1933, § 56-3520, enacted by Ga. L. 1975, p. 1268, § 1; Ga. L. 1983, p. 748, § 6; Ga. L. 2019, p. 386, § 123/SB 133. The 2019 amendment, effective July 1, 2019, deleted ‘‘or in such investments as are authorized by the laws of this state for the investment of assets of corporations authorized to transact business in this state pursuant to Chapter 18 or 19 of this title as the case may be’’ following ‘‘investments’’ at the end of this Code section.

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

Text read from t33-ch23-65-(v25)-2020-pdf.pdf, Volume V25, 2020 edition, page 684; merge action: carried; file SHA-256 1cdfeaa4b73e.