TITLE 33 INSURANCE

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

ARTICLE 3 INVESTMENT POOLS

33-11-85. Limitations to insurer's investment.

The limitations of paragraphs (1) and (2) of Code Section 33-11-5 shall not apply to an insurer's investment in an investment pool; provided, however, that an insurer shall not acquire an investment in an investment pool under this article if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer under this article:

1. In any one investment pool would exceed 10 percent of its admitted assets;
2. In all investment pools investing in investments permitted under paragraph (2) of subsection (a) of Code Section 33-11-83 would exceed 25 percent of its admitted assets; or
3. In all investment pools would exceed 35 percent of its admitted assets.

(Code 1981, §33-11A-6, enacted by Ga. L. 1997, p. 1042, § 1; Code 1981, §33-11-85, as redesignated by Ga. L. 1999, p. 592, §§ 13, 15.)