An insurer may invest in obligations issued, assumed, or guaranteed by the Inter-American Development Bank. The investments authorized by this Code section shall not be counted as an investment of reserves of paragraph (4) of Code Section 33-11-5 at any one time in an amount greater than 5 percent of the insurer's admitted assets.
(Code 1933, § 56-1018, enacted by Ga. L. 1962, p. 664, § 1; Ga. L. 1999, p. 592, § 6.)
Editor's notes.- This Code section was originally enacted by the General Assembly as Code 1933, § 56-1018; however, Ga. L. 1960, p. 289, § 1, had already designated a section as § 56-1018 (see § 33-11-24). Hence, this section was unofficially redesignated as Code 1933, § 56-1037.