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O.C.G.A. § 33-11-10 — Authorized investments generally - Securities which are not evidenced by certificates | Georgia Code
O.C.G.A. § 33-11-10 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 33 INSURANCE

Section 11. Investments, 33-11-1 through 33-11-89.

ARTICLE 1 INVESTMENTS OF CERTAIN INSURERS

33-11-10. Authorized investments generally - Securities which are not evidenced by certificates.

Notwithstanding any other provisions of this title which might be construed to the contrary, nothing contained in this title shall be deemed to prohibit an insurer from investing its funds in or holding or owning as admitted assets securities which are not evidenced by certificates or instruments and related records issued to the insurer if held in accordance with the rules and regulations prescribed by the Commissioner and such securities are otherwise eligible for investment under this title.

(Code 1933, § 56-1042, enacted by Ga. L. 1978, p. 1936, § 3; Ga. L. 1993, p. 1721, § 1; Ga. L. 1999, p. 592, § 6.)

Editor's notes.

- This Code section was originally enacted by the General Assembly as Code 1933, § 56-1042; however, Ga. L. 1978, p. 1639, had already designated a section as § 56-1042 (see § 33-11-36), hence this section was unofficially redesignated as Code 1933, § 56-1042.1.

U.S. Code.

- The Securities Exchange Act of 1934, referred to in paragraph (1) of this Code section, is codified as 15 U.S.C. § 78a et seq.

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This Georgia Code resource is curated by Graham W. Syfert, Esq., a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. Attorney Syfert regularly works with Title 33 in the context of Georgia insurance coverage law and represents clients throughout Northeast Florida and South Georgia. For legal consultation, call 904-383-7448.