For the purposes of determining the financial condition of a captive insurance company, including, but not limited to, the maintenance of adequate reserves pursuant to Code Section 33-41-13, the reporting of business affairs pursuant to Code Section 33-41-15, and the examinations and investigations pursuant to Code Section 33-41-16, there shall be allowed as assets of a captive insurance company:
History. Code 1981, § 33-41-12 , enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.
Structure Georgia Code
Chapter 41 - Captive Insurance Companies
Article 1 - General Provisions
§ 33-41-3. Permissible Business; Limitations
§ 33-41-4. Prerequisites to Transacting Insurance
§ 33-41-7. Directors or Managers
§ 33-41-8. Amount of Capital or Surplus
§ 33-41-10. Application for and Issuance of Certificate of Authority
§ 33-41-11. Refusal, Suspension, or Nonrenewal of Certificate; Expiration, Renewal, Amendment
§ 33-41-16. Examination by Commissioner or Agent; Confidentiality
§ 33-41-19. Rates, Underwriting Rules, and Policy Forms
§ 33-41-20.1. Membership of Captive Insurance Companies in Georgia Insurers Insolvency Pool
§ 33-41-21. Rehabilitation, Reorganization, Conservation, and Liquidation
§ 33-41-23. Certificate of Dormancy
§ 33-41-24. Rule Making Authority
§ 33-41-25. Regulatory Authority
§ 33-41-26. Inconsistent Provisions Not Applicable to Captive Insurance Companies