O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-11-17 (2019)

Obligations issued, assumed, or guaranteed by Asian Development Bank

✓ 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 obligations issued, assumed, or guaranteed by the Asian Development Bank, in which bank the United States is a subscribing participant by virtue of an act of Congress approved March 16, 1966, entitled Asian Development Bank Act. The investments authorized by this Code section shall not be counted as an investment of reserves of paragraph (4) of Code Section 33-11-5 at any time in an amount greater than 5 percent of the insurer’s admitted assets.

History

Code 1933, § 56-1041, enacted by Ga. L. 1972, p. 295, § 1; Ga. L. 1999, p. 592, § 6.

U.S. Code. - The Asian Development Bank Act, referred to in this Code section, is codified as 22 U.S.C. § 285 et seq.

Annotations

U.S. Code. - The Asian Development Bank Act, referred to in this Code section, is codified as 22 U.S.C. §§ 285-285h.