State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-11 > Article-1 > 33-11-32

O.C.G.A. 33-11-32 (2010)
33-11-32. Acquisition or holding of real property -- Limitation on investments pursuant to Code Sections 33-11-30 and 33-11-31


No investment in real property shall be made by any insurer pursuant to Code Section 33-11-30 or 33-11-31 which will cause the insurer's investment in all real property owned or held by it directly or indirectly to exceed 25 percent of its admitted assets.

State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-11 > Article-1 > 33-11-32

O.C.G.A. 33-11-32 (2010)
33-11-32. Acquisition or holding of real property -- Limitation on investments pursuant to Code Sections 33-11-30 and 33-11-31


No investment in real property shall be made by any insurer pursuant to Code Section 33-11-30 or 33-11-31 which will cause the insurer's investment in all real property owned or held by it directly or indirectly to exceed 25 percent of its admitted assets.

State Codes and Statutes

State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-11 > Article-1 > 33-11-32

O.C.G.A. 33-11-32 (2010)
33-11-32. Acquisition or holding of real property -- Limitation on investments pursuant to Code Sections 33-11-30 and 33-11-31


No investment in real property shall be made by any insurer pursuant to Code Section 33-11-30 or 33-11-31 which will cause the insurer's investment in all real property owned or held by it directly or indirectly to exceed 25 percent of its admitted assets.