Georgia Code
Article 2 - Investments of Life, Accident and Sickness, Property, and Casualty Insurers
§ 33-11-56. Conditions for Engaging in Derivative Transactions

History. Code 1981, § 33-11-56 , enacted by Ga. L. 1999, p. 592, § 12.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1999, in subsection (a), a semicolon was substituted for a period at the end of paragraph (2) and a comma was inserted following “floors” in subparagraph (3)(A).

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Structure Georgia Code

Georgia Code

Title 33 - Insurance

Chapter 11 - Investments

Article 2 - Investments of Life, Accident and Sickness, Property, and Casualty Insurers

§ 33-11-50. Legislative Purpose; Application of Article; Separate Accounts

§ 33-11-51. Definitions

§ 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

§ 33-11-57. Requirements Regarding Admitted Assets at Time of Acquisition; Nonadmitted Assets; Relation of Investment Limitation; Qualification of Investments; Documentation; Authority of Commissioner; Insurance Futures

§ 33-11-58. Percentage of Securities From Single Issuer; Assignment of Excesses; Compliance; Investment in Government Obligations

§ 33-11-59. Obligations in Different Currencies

§ 33-11-60. Prohibited Investments and Activities

§ 33-11-61. Using Investment Assets to Satisfy Minimum Assets Requirements; Qualification of Admitted Assets; Determining Financially Hazardous Insurer

§ 33-11-62. Retention of Personnel to Assist Commissioner; Confidentiality

§ 33-11-63. Determination by Commissioner of Noncompliance; Reasonable Additional Restrictions; Consideration of Other Assets by Commissioner

§ 33-11-64. Conditions Under Which Insurer Shall Not Acquire an Investment; Special Rated Credit Instruments

§ 33-11-65. Establishment of Separate Accounts by Domestic Life Insurance Companies

§ 33-11-66. Cumulative Nature of Code Section; Variable Annuity Contract; Separate Accounts; Conduct of Business; Licensed or Organized to Do Business in State; Commissioner’s Role

§ 33-11-67. Variable Contract Insurance Policies; Separate Accounts; Power of Company; Statement of Essential Features in Determining Benefits; Certificate of Authority; Commissioner’s Role; Insurance License Required