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2018 Georgia Code 33-11-18 | Car Wreck Lawyer

TITLE 33 INSURANCE

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

ARTICLE 1 INVESTMENTS OF CERTAIN INSURERS

33-11-18. Authorized investments generally - Obligations issued, assumed, or guaranteed by Inter-American Development Bank.

An insurer may invest in obligations issued, assumed, or guaranteed by the Inter-American Development Bank. 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 one time in an amount greater than 5 percent of the insurer's admitted assets.

(Code 1933, § 56-1018, enacted by Ga. L. 1962, p. 664, § 1; Ga. L. 1999, p. 592, § 6.)

Editor's notes.

- This Code section was originally enacted by the General Assembly as Code 1933, § 56-1018; however, Ga. L. 1960, p. 289, § 1, had already designated a section as § 56-1018 (see § 33-11-24). Hence, this section was unofficially redesignated as Code 1933, § 56-1037.

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