2010 Georgia Code
TITLE 33 - INSURANCE
CHAPTER 41 - CAPTIVE INSURANCE COMPANIES
§ 33-41-12 - Assets
O.C.G.A.
33-41-12 (2010)
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; and
(3) Obligations for premium payments, provided such obligations are secured by letters of credit, as described in Code Section
33-41-9.
Graham Syfert - Jacksonville Lawyer