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

History. Code 1981, § 33-11-66 , enacted by Ga. L. 1999, p. 592, § 12; Ga. L. 2001, p. 925, § 3; Ga. L. 2008, p. 381, § 10/SB 358; Ga. L. 2018, p. 1112, § 33/SB 365.
The 2018 amendment, effective May 8, 2018, part of an Act to revise, modernize, and correct the Code, substituted “paragraph (7) of subsection (b) and subparagraphs (b)(8)(B) and (b)(8)(C)” for “paragraph (7) and subparagraphs (B) and (C) of paragraph (8)” near the end of subsection (q).
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1999, “agents” was substituted for “agent” in subsection (o).

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