Notwithstanding any provision of the federal Secondary Mortgage Market Enhancement Act of 1984, 15 U.S.C. Section 77r-1, to the contrary, any insurer subject to the provisions of this title shall comply with all provisions, restrictions, and limitations concerning investments provided in this article.
History. Code 1981, § 33-11-43 , enacted by Ga. L. 1991, p. 1424, § 4; Ga. L. 1999, p. 592, §§ 5, 6.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2000, “of 1984” was inserted following “Enhancement Act”.
Editor’s notes.
Ga. L. 1991, p. 1424, § 9, not codified by the General Assembly, contained inconsistencies in references to the sections of the bill due to differences in the section numbers contained in the Senate version of the bill and the final version of the bill. Subsection (c) of Section 9 refers to Code Sections 33-13-3.1 and 33-13-5 in the Senate version of Ga. L. 1991, p. 1424.
Ga. L. 1991, p. 1424, § 9(c), not codified by the General Assembly, provides that this Code section is applicable to transactions between affiliates or subsidiaries taking place on or after July 1, 1991.
Law reviews.
For note on 1991 enactment of this Code section, see 8 Ga. St. U.L. Rev. 89 (1992).
Structure Georgia Code
Article 1 - Investments of Certain Insurers
§ 33-11-2. Eligible Investments; Investment Limitations
§ 33-11-3. Acquisition of Securities or Investments by Insurers Generally
§ 33-11-4. Authorization of Loan or Investment of Insurer
§ 33-11-5. Required Investments; Limitations
§ 33-11-6. Authorized Investments Generally; Cash or Deposits
§ 33-11-7. Securities of Open-End Management Investment Company or Investment Trust
§ 33-11-9. Obligations of Government of United States Generally
§ 33-11-10. Securities Which Are Not Evidenced by Certificates
§ 33-11-11. Loans Guaranteed by Government of United States
§ 33-11-12. Securities of States of United States, District of Columbia, or Government of Canada
§ 33-11-12.1. Investment in Direct Obligations of Foreign Governments
§ 33-11-14. Industrial Development Obligations
§ 33-11-14.1. Securities of Federal Agencies
§ 33-11-15. Securities of Public Housing Authorities or Agencies
§ 33-11-17. Obligations Issued, Assumed, or Guaranteed by Asian Development Bank
§ 33-11-18. Obligations Issued, Assumed, or Guaranteed by Inter-American Development Bank
§ 33-11-19. Loans Guaranteed by Georgia Higher Education Assistance Corporation
§ 33-11-19.1. Obligations Issued, Assumed, or Guaranteed by African Development Bank
§ 33-11-19.2. Loans Guaranteed by United Student Aid Funds, Inc
§ 33-11-20. Obligations of Corporations Generally
§ 33-11-22. Equipment Trust Obligations or Certificates
§ 33-11-26. Chattel Mortgage Loans
§ 33-11-27. Abstract Plant and Equipment and Stocks of Abstract Companies
§ 33-11-29. Acquisition or Holding of Real Property Generally
§ 33-11-30. Investment of Assets in Real Estate Acquired for Purposes of Leasing
§ 33-11-32. Limitation on Investments Pursuant to Code Sections 33-11-30 or 33-11-31
§ 33-11-39. Time Limit for Disposal by Insurer of Real Estate
§ 33-11-41. Effect of Failure of Insurer to Dispose of Real Estate, Personal Property, or Securities
§ 33-11-42. Investments of Foreign and Alien Insurers; Place of Domicile
§ 33-11-43. Compliance With Secondary Mortgage Market Enhancement Act