The investable assets of a fund may be invested in securities or other investments permitted by the laws of this state for the investment of assets constituting the legal reserves of property and casualty insurance companies or in such other securities or investments as the Commissioner may permit such insurers to invest their funds under Title 33. Such investments shall be subject to the same terms, conditions, and limitations which apply to property and casualty insurance companies under Title 33.
History. Code 1981, § 20-2-2008 , enacted by Ga. L. 1986, p. 1172, § 1.
Structure Georgia Code
Chapter 2 - Elementary and Secondary Education
Article 29 - Interlocal Risk Management Agency
§ 20-2-2002. Establishment; Membership
§ 20-2-2003. Board of Trustees
§ 20-2-2004. Agency Is Not an Insurer
§ 20-2-2005. Certificate of Authority
§ 20-2-2006. Issuance, Renewal, or Revocation of Certificate
§ 20-2-2007. Minimum Surplus Required
§ 20-2-2009. Joint and Several Liability of Fund Members
§ 20-2-2011. Bond, Liability Insurance, and Claim Office of Administrator
§ 20-2-2014. Examination of Funds by Commissioner
§ 20-2-2015. Fund Insufficient to Discharge Obligations; Liquidation
§ 20-2-2016. Rules and Regulations
§ 20-2-2017. Remedies of Aggrieved Parties
§ 20-2-2018. Excess Loss Funding Program; Condition for Certificate of Authority