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.