Limitations to Insurer's Investment

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  2. Georgia Code
  3. Insurance
  4. Investments
  5. Investment Pools
  6. Limitations to Insurer's Investment

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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.)

Code Commission notes.

- Pursuant to Code Section 28-9-5, in 1999, "Code Section 33-11-83" was substituted for "Code Section 33-11A-4" in paragraph (2).


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