O.C.G.A.

O.C.G.A. § 33-15-80 (2019)

Investments of funds

✓ 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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A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state, district, territory, country, or province in which it is incorporated shall be held to meet the requirements of this Code section for the investment of funds.

History

Code 1981, § 33-15-80, enacted by Ga. L. 1993, p. 1744, § 1.

Annotations

Cross references. - Authorized investments for insurers generally,

§ 33-11-6 et seq. Investment requirements for foreign and alien societies, § 33-15-104.

RESEARCH REFERENCES Am. Jur. 2d. - 36 Am. Jur. 2d, Fraternal Orders and Benefit Societies, § 78.