Assets

  1. Law
  2. Georgia Code
  3. Insurance
  4. Domestic Stock and Mutual Insurers
  5. Limited Purpose Subsidiary Insurance Companies
  6. Assets

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  1. Assets of a limited purpose subsidiary that are approved by the Commissioner as admitted assets must comply with requirements established by the Commissioner under rules adopted pursuant to this article.
  2. All other assets shall not be admitted assets.

(Code 1981, §33-14-107, enacted by Ga. L. 2011, p. 446, § 1/HB 341; Ga. L. 2019, p. 337, § 1-72/SB 132.)

The 2019 amendment, effective July 1, 2019, substituted "not be admitted assets" for "be nonadmitted" in subsection (b).


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