Notwithstanding any provision of the federal Secondary Mortgage Market Enhancement Act of 1984, 15 U.S.C. Section 77r-1, to the contrary, any insurer subject to the provisions of this title shall comply with all provisions, restrictions, and limitations concerning investments provided in this article.
(Code 1981, §33-11-43, enacted by Ga. L. 1991, p. 1424, § 4; Ga. L. 1999, p. 592, §§ 5, 6.)
Code Commission notes.- Pursuant to Code Section 28-9-5, in 2000, "of 1984" was inserted following "Enhancement Act".
Editor's notes.- Ga. L. 1991, p. 1424, § 9, not codified by the General Assembly, contained inconsistencies in references to the sections of the bill due to differences in the section numbers contained in the Senate version of the bill and the final version of the bill. Subsection (c) of Section 9 refers to Code Sections 33-13-3.1 and 33-13-5 in the Senate version of Ga. L. 1991, p. 1424.
Ga. L. 1991, p. 1424, § 9(c), not codified by the General Assembly, provides that this Code section is applicable to transactions between affiliates or subsidiaries taking place on or after July 1, 1991.
Law reviews.- For note on 1991 enactment of this Code section, see 8 Ga. St. U.L. Rev. 89 (1992).
ARTICLE 2 INVESTMENTS OF LIFE, ACCIDENT AND SICKNESS, PROPERTY, AND CASUALTY INSURERS