The investable assets of a fund may be invested in securities or other investments permitted by the laws of this state for the investment of assets constituting the legal reserves of property and casualty insurance companies or in such other securities or investments as the Commissioner may permit such insurers to invest their funds under Title 33. Such investments shall be subject to the same terms, conditions, and limitations which apply to property and casualty insurance companies under Title 33.
History. Code 1981, § 36-85-8 , enacted by Ga. L. 1986, p. 1496, § 1.
Structure Georgia Code
Chapter 85 - Interlocal Risk Management Agencies
§ 36-85-4. Agency Not an Insurer
§ 36-85-5. Certificate of Authority; Application
§ 36-85-6. Approval of Certificate; Renewal
§ 36-85-7. Funds to Be Maintained
§ 36-85-8. Investment of Assets
§ 36-85-9. Local Government Liability for Funds
§ 36-85-10. Contracts Between Agency and Administrator
§ 36-85-13. Exemption From State and Local Taxes and Fees
§ 36-85-14. Periodic Examinations
§ 36-85-15. Fund Deficiencies; Assessments Upon Members; Liquidation of Fund
§ 36-85-16. Rules and Regulations
§ 36-85-18. Excess Loss Funding Program Required
§ 36-85-20. Exercise of Authority Not Provision of Liability Insurance; Sovereign Immunity