§ 33-41-12 - Assets - Georgia Statutes

State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-41 > 33-41-12

O.C.G.A. 33-41-12 (2010)
33-41-12. Assets

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:

(1) Those assets described in Code Section 33-10-1;

(2) Those assets otherwise authorized by Code Sections 33-41-8 and 33-41-14; and

(3) Obligations for premium payments, provided such obligations are secured by letters of credit, as described in Code Section 33-41-9.

State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-41 > 33-41-12

O.C.G.A. 33-41-12 (2010)
33-41-12. Assets

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:

(1) Those assets described in Code Section 33-10-1;

(2) Those assets otherwise authorized by Code Sections 33-41-8 and 33-41-14; and

(3) Obligations for premium payments, provided such obligations are secured by letters of credit, as described in Code Section 33-41-9.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-41 > 33-41-12

O.C.G.A. 33-41-12 (2010)
33-41-12. Assets

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:

(1) Those assets described in Code Section 33-10-1;

(2) Those assets otherwise authorized by Code Sections 33-41-8 and 33-41-14; and

(3) Obligations for premium payments, provided such obligations are secured by letters of credit, as described in Code Section 33-41-9.