---
title: O.C.G.A. § 33-41-12. Assets.
collection: code
id: 33-41-12
cite_as: O.C.G.A. § 33-41-12 (2025)
canonical_url: https://georgiacommons.org/code/33-41-12
md_url: https://georgiacommons.org/code/33-41-12.md
text_url: https://georgiacommons.org/code/33-41-12/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch23-65-(v25)-2020-pdf.pdf?sfvrsn=68297_0#page=878
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/33-41.md
previous: https://georgiacommons.org/code/33-41-11.md
next: https://georgiacommons.org/code/33-41-13.md
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 / CAPTIVE INSURANCE COMPANIES / GENERAL PROVISIONS
---

# O.C.G.A. § 33-41-12. Assets.

For the purposes of determining the financial condition of a captive insurance company, including, but not limited to, the maintenance of adequate reserves pursuant to Code Section 33-41-13, the reporting of business affairs pursuant to Code Section 33-41-15, and the examinations and investigations pursuant to Code Section 33-41-16, there shall be allowed as assets of a captive insurance company:

(1) Those assets described in Code Section 33-10-1;

(2) Those assets otherwise authorized by Code Sections 33-41-8 and 33-41-14;

(3) Obligations for premium payments, provided that such obligations are secured by letters of credit, as described in Code Section 33-41-9; and

(4) Assets that are approved by the Commissioner as admitted assets under rules adopted pursuant to this chapter.

## History

Code 1981, § 33-41-12, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.