O.C.G.A.
O.C.G.A. § 33-11-12 (2019)
Securities of states of United States, District of Columbia, or government of Canada
✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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An insurer may invest in bonds, notes, warrants, and other securities not in default which are the direct obligations of any state of the United States or of the District of Columbia, or of the government of Canada or any province of Canada, or for which the full faith and credit of such state, district, government, or province has been pledged for the payment of principal and interest.
History
Code 1933, § 56-1011, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.