Georgia Code
Chapter 10 - Assets and Liabilities
§ 33-10-1. Assets Considered in Determining Financial Condition of Insurers Generally

In any determination of the financial condition of an insurer, there shall be allowed as assets only such assets as are owned by the insurer and which consist of:
History. Code 1933, § 56-901, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1980, p. 1108, § 2; Ga. L. 1995, p. 481, § 1; Ga. L. 1996, p. 6, § 33; Ga. L. 2008, p. 469, § 1/SB 347; Ga. L. 2013, p. 690, § 21/SB 185; Ga. L. 2019, p. 869, § 1/HB 277.
The 2019 amendment, effective July 1, 2019, inserted “a” preceding “trust company” in paragraph (1); in paragraph (3), deleted “, as such term is defined in Code Section 11-9-102,” following “software” near the middle and substituted “$7.5 million” for “$7,500,000.00”; added paragraph (4); redesignated former paragraphs (4) through (13) as present paragraphs (5) through (14), respectively; and substituted “the Commissioner” for “him” at the end of paragraph (12).
Law reviews.
For article, “Why Captives, Lord, What Have They Ever Done?: The Georgia Captive Insurance Company Act,” see 26 Ga. St. B. J. 119 (1990).