O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-35-13 (2019)

Investment of funds of plans

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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 sponsor shall invest the funds of a prepaid legal services plan only in such investments as are authorized by the laws of this state for the investment of assets of insurance companies and subject to the limitations placed on the investments.

History

Code 1933, § 56-3520, enacted by Ga. L. 1975, p. 1268, § 1; Ga. L. 1983, p. 748, § 6; Ga. L. 2019, p. 386, § 123/SB 133. The 2019 amendment, effective July 1, 2019, deleted ‘‘or in such investments as

are authorized by the laws of this state for the investment of assets of corporations authorized to transact business in this state pursuant to Chapter 18 or 19 of this title as the case may be’’ following ‘‘investments’’ at the end of this Code section.

Annotations

The 2019 amendment, effective July 1, 2019, deleted "or in such investments as are authorized by the laws of this state for the investment of assets of corporations authorized to transact business in this state pursuant to Chapter 18 or 19 of this title as the case may be" following "investments" at the end of this Code section.