Georgia Code, Title 33, Chapter 11, Article 2 - Investments of Life, Accident and Sickness, Property, and Casualty Insurers

• § 33-11-50 - Legislative Purpose; Application of Article; Separate Accounts
  (a) The purpose of this article is to protect and to further the interests of insureds, creditors, and the general public. This objective will...
• § 33-11-51 - Definitions
  For purposes of this article, the term: (1) "Admitted assets" means assets permitted to be reported as admitted assets on the statutory financial statement...
• § 33-11-52 - Determining Minimum Financial Security Benchmark
  (a) (1) Unless otherwise established in accordance with paragraphs (2) and (3) of this subsection, the amount of the minimum financial security benchmark for...
• § 33-11-53 - Factors to Be Considered in Determining Prudence
  The following factors shall be evaluated by the insurer and considered along with its business in determining whether an investment portfolio or investment policy...
• § 33-11-54 - Written Plan and Policy; Duty of Board of Directors
  (a) An insurer's board of directors shall adopt a written plan for acquiring and holding investments and for engaging in investment practices that specifies...
• § 33-11-55 - Investments Eligible for Support of Outstanding Liabilities
  (a) The following classes of investments are eligible for support of an insurer's outstanding liabilities, whether they are made directly or through limited partnership...
• § 33-11-56 - Conditions for Engaging in Derivative Transactions
  (a) An insurer may, directly or indirectly through an investment subsidiary, engage in derivative transactions under this article under the following conditions: (1) An...
• § 33-11-57 - Requirements Regarding Admitted Assets At Time of Acquisition; Nonadmitted Assets; Relation of Investment Limitation; Qualification of Investments; Documentation; Authority of Commissioner; Insurance Futures
  (a) Investments not conforming to this article shall not be admitted assets.(b) Subject to subsection (c) of this Code section, an insurer shall not...
• § 33-11-58 - Percentage of Securities From Single Issuer; Assignment of Excesses; Compliance; Investment in Government Obligations
  (a) (1) For purposes of determining compliance with Code Section 33-11-61, securities of a single issuer and its affiliates, other than: (A) The government...
• § 33-11-59 - Obligations in Different Currencies
  An insurer doing business that requires it to make payment in different currencies shall have investments in securities in each of these currencies in...
• § 33-11-60 - Prohibited Investments and Activities
  In addition to investments excluded or prohibited pursuant to other provisions of this article, an insurer shall not, directly or indirectly: (1) Engage on...
• § 33-11-61 - Using Investment Assets to Satisfy Minimum Assets Requirements; Qualification of Admitted Assets; Determining Financially Hazardous Insurer
  (a) Invested assets may be counted toward satisfaction of the minimum asset requirement only so far as they are invested in compliance with this...
• § 33-11-62 - Retention of Personnel to Assist Commissioner; Confidentiality
  (a) The Commissioner may retain at the insurer's expense attorneys, actuaries, accountants, and other experts not otherwise a part of the Commissioner's staff as...
• § 33-11-63 - Determination by Commissioner of Noncompliance; Reasonable Additional Restrictions; Consideration of Other Assets by Commissioner
  (a) If the Commissioner determines that an insurer's investment practices do not meet the provisions of this article, the Commissioner may, after notification to...
• § 33-11-64 - Conditions Under Which Insurer Shall Not Acquire an Investment; Special Rated Credit Instruments
  (a) An insurer shall not acquire an investment under this article if, as a result of and after giving effect to the investment, the...
• § 33-11-65 - Establishment of Separate Accounts by Domestic Life Insurance Companies
  (a) Any domestic life insurance company may establish one or more separate accounts and may allocate to such separate account or accounts, in accordance...
• § 33-11-66 - Cumulative Nature of Code Section; Variable Annuity Contract; Separate Accounts; Conduct of Business; Licensed or Organized to Do Business in State; Commissioner's Role
  (a) This Code section is cumulative of and in addition to the authority granted by any other law of this state relating to separate...
• § 33-11-67 - Variable Contract Insurance Policies; Separate Accounts; Power of Company; Statement of Essential Features in Determining Benefits; Certificate of Authority; Commissioner's Role; Insurance License Required
  (a) As used in this Code section, "variable life insurance policy" means any individual or group policy issued by an insurance company providing for...

Last modified: October 14, 2016