O.C.G.A.
O.C.G.A. § 33-11-32 (2019)
Limitation on investments pursuant to Code Sections 33-11-30 or 33-11-31
✓ 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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No investment in real property shall be made by any insurer pursuant to Code Section 33-11-30 or 33-11-31 which will cause the insurer’s investment in all real property owned or held by it directly or indirectly to exceed 25 percent of its admitted assets.
History
Code 1933, § 56-1031, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.
Annotations
OPINIONS OF THE ATTORNEY GENERAL Foreign insurer’s investments not limited. - The ‘‘quality’’ clause of former Code 1933, § 56-1036 (see O.C.G.A. § 33-11-42(a)) does not limit a foreign insurer’s investments to only those invest-
ments specifically permitted for domestic insurers under former Code 1933, §§ 56-1028 through 56-1031 (see O.C.G.A. §§ 33-11-29 through 33-11-32). 1970 Op. Att’y Gen. No. 70-180.