TITLE 33 INSURANCE

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

ARTICLE 3 INVESTMENT POOLS

33-11-84. Qualification in investment pool.

For an investment in an investment pool to be qualified under this article, the investment pool shall not:

1. Acquire securities issued, assumed, guaranteed, or insured by the insurer or an affiliate of the insurer;
2. Borrow or incur an indebtedness for borrowed money, except for securities lending and reverse repurchase transactions that meet the requirements of this article; or
3. Permit the aggregate value of securities then loaned or sold to, purchased from, or invested in any one business entity under this article to exceed 10 percent of the total assets of the investment pool.

(Code 1981, §33-11A-5, enacted by Ga. L. 1997, p. 1042, § 1; Code 1981, §33-11-84, as redesignated by Ga. L. 1999, p. 592, §§ 13, 15.)