The following factors shall be evaluated by the insurer and considered along with its business in determining whether an investment portfolio or investment policy is prudent, and the Commissioner shall consider the following factors prior to making a determination that an insurer’s investment portfolio or investment policy is not prudent:
History. Code 1981, § 33-11-53 , enacted by Ga. L. 1999, p. 592, § 12.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1999, a comma was inserted following “prepayment” in subparagraph (7)(E) and a comma was deleted following “liabilities” in paragraph (10).
Structure Georgia Code
Article 2 - Investments of Life, Accident and Sickness, Property, and Casualty Insurers
§ 33-11-50. Legislative Purpose; Application of Article; Separate Accounts
§ 33-11-52. Determining Minimum Financial Security Benchmark
§ 33-11-53. Factors to Be Considered in Determining Prudence
§ 33-11-54. Written Plan and Policy; Duty of Board of Directors
§ 33-11-55. Investments Eligible for Support of Outstanding Liabilities
§ 33-11-56. Conditions for Engaging in Derivative Transactions
§ 33-11-59. Obligations in Different Currencies
§ 33-11-60. Prohibited Investments and Activities
§ 33-11-62. Retention of Personnel to Assist Commissioner; Confidentiality
§ 33-11-65. Establishment of Separate Accounts by Domestic Life Insurance Companies