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Georgia State Code
Title      33
Chapter      11  
Section Navigation     1 ... 10         11 ... 18    
    19 ... 25.1       26 ... 35    
    36 ... 51         52 ... 61    
    62 ... 83           84 ... 89      
Section<<< 84 85 86 87 88 89  
Title 33, Chapter 11, Section 85 (33-11-85)

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.

Defined terms referenced in this section:
Wednesday October 15 18:06 CDT


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