The limitations of paragraphs (1) and (2) of Code Section 33-11-5 shall not apply to an insurer’s investment in an investment pool; provided, however, that an insurer shall not acquire an investment in an investment pool under this article if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer under this article:
History. Code 1981, § 33-11A-6, enacted by Ga. L. 1997, p. 1042, § 1; Code 1981, § 33-11-85 , as redesignated by Ga. L. 1999, p. 592, §§ 13, 15.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1999, “Code Section 33-11-83” was substituted for “Code Section 33-11A-4” in paragraph (2).
Structure Georgia Code
§ 33-11-83. Authorization and Requirements for Insurers Acquiring Investments in Investment Pools
§ 33-11-84. Qualification in Investment Pool
§ 33-11-85. Limitations to Insurer’s Investment
§ 33-11-86. Management of Investment Pool
§ 33-11-87. Notification to Commissioner; Ownership; Inspection