reglab/housing_qa huggingface dataset:
GA Code § 33-11-14 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-14. Industrial Development Obligations

 An insurer may invest in the bonds, notes, certificates of indebtedness, warrants, or other evidence of indebtedness which are valid obligations issued, assumed, or guaranteed by the United States of America or any state of the United States of America, or by any county, municipal corporation, district, or political subdivision, or civil division or public instrumentality of any such government or unit of such government, if by statute or other legal requirements such obligations are payable as to both principal and interest from revenues or earnings from the whole or any part of any utility supplying water, gas, sewage disposal facility, or electricity or any other public service, including but not limited to toll roads and toll bridges, and in revenue bonds issued by any political subdivision, authority, unit, or other corporate body created by the United States government or the government of any state, for the purpose of aiding in or promoting the industrial development of such state or political subdivisions.   (Code 1933, § 56-1013, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1961, p. 458, § 1; Ga. L. 1999, p. 592, § 6.)
GA Code § 33-11-14.1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-14.1. Securities of Federal Agencies

 An insurer may invest in bonds, debentures, or other securities issued or insured or guaranteed by any agency, authority, unit, or corporate body created by the government of the United States of America whether or not such obligations are guaranteed by the United States.   (Code 1933, § 56-1014, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.)
GA Code § 33-11-15 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-15. Securities of Public Housing Authorities or Agencies

 An insurer may invest in the bonds, debentures, or other securities of public housing authorities, issued under the act of Congress entitled the Housing Act of 1949 and approved July, 1949, the Municipal Housing Commission Act, or the Rural Housing Commission Act, and any additional amendments issued by any other public housing authority or agency in the United States, if the bonds, debentures, or other securities are secured by a pledge of annual contributions to be paid by the United States or any agency of the United States.   (Code 1933, § 56-1015, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.)   Cross references.   - Housing authorities generally, § 8-3-1 et seq.   U.S. Code.   - The Housing Act of 1949, referred to in this Code section, is codified as 42 U.S.C. § 1441 et seq.
GA Code § 33-11-16 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-16. Obligations Issued, Assumed, or Guaranteed by International Bank for Reconstruction and Development or International Finance Corporation

 An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development or the International Finance Corporation. The investments authorized by this Code section shall not be counted as an investment of reserves under paragraph (4) of Code Section 33-11-5 at any one time in an amount greater than 5 percent of the insurer's admitted assets. Such investments shall be subject to all limitations and requirements of this article. In addition to authority contained in Code Section 33-11-8 and elsewhere in this title, an insurer may invest up to 10 percent of its admitted assets in securities or other investments within a foreign country which are similar in characteristics and quality to like investments authorized pursuant to this article for investments in the United States of America, including obligations of the government of such foreign country and its political subdivisions and instrumentalities, provided that the values of such securities or other investments shall be determined in accordance with the valuation methods then currently formulated or approved by the National Association of Insurance Commissioners or its successor organization.   (Code 1933, § 56-1008, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1992, p. 2389, § 1; Ga. L. 1999, p. 592, §§ 5, 6.)   Editor's notes.   - Ga. L. 1992, p. 2389, § 2, effective April 20, 1992, not codified by the General Assembly, provides: "Notwithstanding any provision of this chapter to the contrary, a group policyholder may require an employee contribution or an additional contribution for spousal coverage where the spouse so covered is eligible to receive coverage under another group accident and sickness policy but declines such coverage." However, the reference to "this chapter" in the uncodified section is unclear since Ga. L. 1992, p. 2389, amended Code sections in both Chapter 7 and Chapter 11 of Title 33.
GA Code § 33-11-17 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-17. Obligations Issued, Assumed, or Guaranteed by Asian Development Bank

 An insurer may invest in obligations issued, assumed, or guaranteed by the Asian Development Bank, in which bank the United States is a subscribing participant by virtue of an act of Congress approved March 16, 1966, entitled Asian Development Bank Act. The investments authorized by this Code section shall not be counted as an investment of reserves of paragraph (4) of Code Section 33-11-5 at any time in an amount greater than 5 percent of the insurer's admitted assets.   (Code 1933, § 56-1041, enacted by Ga. L. 1972, p. 295, § 1; Ga. L. 1999, p. 592, § 6.)
GA Code § 33-11-18 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-18. Obligations Issued, Assumed, or Guaranteed by Inter-American Development Bank

 An insurer may invest in obligations issued, assumed, or guaranteed by the Inter-American Development Bank. The investments authorized by this Code section shall not be counted as an investment of reserves of paragraph (4) of Code Section 33-11-5 at any one time in an amount greater than 5 percent of the insurer's admitted assets.   (Code 1933, § 56-1018, enacted by Ga. L. 1962, p. 664, § 1; Ga. L. 1999, p. 592, § 6.)   Editor's notes.   - This Code section was originally enacted by the General Assembly as Code 1933, § 56-1018; however, Ga. L. 1960, p. 289, § 1, had already designated a section as § 56-1018 (see § 33-11-24). Hence, this section was unofficially redesignated as Code 1933, § 56-1037.
GA Code § 33-11-19 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-19. Loans Guaranteed by Georgia Higher Education Assistance Corporation

 An insurer may make and invest in loans guaranteed as to principal and interest by the Georgia Higher Education Assistance Corporation, to the extent of such guaranty.   (Code 1933, § 56-1039, enacted by Ga. L. 1967, p. 460, § 1; Ga. L. 1999, p. 592, § 6.)   Cross references.   - Georgia Higher Education Assistance Corporation, § 20-3-260 et seq.
GA Code § 33-11-19.1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-19.1. Obligations Issued, Assumed, or Guaranteed by African Development Bank

 An insurer may invest in obligations issued, assumed, or guaranteed by the African Development Bank. The investments authorized by this Code section shall not be counted as an investment of reserves of paragraph (4) of Code Section 33-11-5 at any one time in an amount greater than 5 percent of the insurer's admitted assets.    (Code 1981, §33-11-19.1, enacted by Ga. L. 1985, p. 1104, § 1; Ga. L. 1999, p. 592, § 6.)
GA Code § 33-11-19.2 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-19.2. Loans Guaranteed by United Student Aid Funds, Inc

 An insurer may make and invest in loans guaranteed as to principal and interest by the United Student Aid Funds, Inc., to the extent of such guaranty.    (Code 1981, §33-11-19.2, enacted by Ga. L. 1988, p. 1844, § 1; Ga. L. 1999, p. 592, § 6.)
GA Code § 33-11-21 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-21. Corporate Stocks

 An insurer may invest in nonassessable dividend-paying stocks, common or preferred, of any solvent corporation other than a corporation engaged solely in the business of operating real estate or a corporation having substantially all of its assets invested in the shares of such corporation, created or existing under the laws of the United States of America or of any state or of the District of Columbia, provided cash dividends on the common stocks shall have been paid out of current earnings in at least three of the last five years preceding the purchase.   (Code 1933, § 56-1020, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.)   Cross references.   - Securities regulation, T. 10, C. 5.   OPINIONS OF THE ATTORNEY GENERAL   Investment in Puerto Rican corporation not authorized.   - An insurer would not be authorized under this section to invest in the corporate stock of a corporation organized under the laws of the Commonwealth of Puerto Rico. 1971 Op. Att'y Gen. No. 71-50.   Clause making investments eligible if legal on date of title inapplicable to reserve requirements.    - The drafters of this title did not intend that the provisions of former Code 1933, § 56-1002(2) (see O.C.G.A. § 33-11-2), should be applicable to the reserve distribution requirements of former Code 1933, § 56-1005 (see O.C.G.A. § 33-11-5); inasmuch as the Legislature elsewhere authorized the holding of common stocks, subject to somewhat liberalized restrictions, by this section, they clearly did not intend that the generalized "savings clause" contained in former Code 1933 § 56-1002(2), apply to the specific quantitative restrictions on the holding of common stocks contained in the reserve distribution requirements of former Code 1933, § 56-1005; stated differently, the Legislature, while liberalizing the restrictions upon the quality of common stocks which could be held, on the one hand, imposed more rigid restrictions with respect to the quantitative portfolio distribution of such common stock holdings, on the other hand. 1971 Op. Att'y Gen. No. 71-170.    The proper application of the "savings clause" of former Code 1933, § 56-1002(2) (see O.C.G.A. § 33-11-2), was to that general group of assets, including common stock, which an insurer might lawfully hold, insofar as the qualitative restrictions contained in this title raised or altered the qualitative restrictions of the prior law; any attempt to apply the "savings clause" of former Code 1933, § 56-1002(2), to the reserve distribution requirements of former Code 1933, § 56-1005 (see O.C.G.A. § 33-11-5) rendered the latter section largely meaningless and was inconsistent with the general tenor of former Code 1933, § 56-1020 (see O.C.G.A. § 33-11-21). 1971 Op. Att'y Gen. No. 71-170.   RESEARCH REFERENCES   Am. Jur. 2d.   - 43 Am. Jur. 2d, Insurance, § 58.
GA Code § 33-11-22 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-22. Equipment Trust Obligations or Certificates

 An insurer may invest in equipment trust obligations or certificates adequately secured and evidencing an interest in transportation equipment, wholly or in part within the United States of America, and the right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of the transportation equipment.   (Code 1933, § 56-1017, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.)
GA Code § 33-11-23 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-23. Loans Secured by Pledge of Securities or by Pledge or Assignment of Life Insurance Policies

 An insurer may invest in loans which are secured by pledge of securities eligible for investment under this article or by the pledge or assignment of life insurance policies issued by other insurers authorized to transact insurance in this state. On the date made, no loan shall exceed in amount 75 percent of the market value of the collateral pledged. The amount so loaned shall be included in the maximum percentage of funds permitted under this article to be invested in the kinds of securities or evidences of debt pledged.   (Code 1933, § 56-1019, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, §§ 5, 6.)
GA Code § 33-11-24 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-24. Loans to Policyholders Secured by Policy

 Reserved. Repealed by Ga. L. 1999, p. 592, § 8, effective January 1, 2000.   Editor's notes.   - This Code section was based on Code 1933, § 56-1018, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.
GA Code § 33-11-25.1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-25.1. Security Representing Interest in Pool of Loans Secured by Mortgage or Deed of Trust Upon Property in United States or Canada

  In addition to the investment authority granted to insurers under Code Sections 33-11-20, 33-11-21, and other applicable provisions of this title, an insurer authorized to transact insurance in this state, other than an insurer authorized to transact mortgage guaranty insurance, may invest in, purchase, or hold a mortgage or a mortgage participation, pass-through, conventional pass-through, trust certificate, or other similar security which represents an undivided, beneficial interest in a pool of loans secured by first mortgages, deeds of trust, or deeds to secure debt upon fee simple, unencumbered, improved, or income-producing real property located in the United States or Canada, which is improved with a residential building or a condominium unit or buildings designed for occupancy by not more than four families, including leasehold estates in such real estate if such first mortgages, deeds of trust, or deeds to secure debt are fully guaranteed or insured by the Federal Housing Administration, the United States Department of Veterans Affairs, the Farmers Home Administration, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, the Federal National Mortgage Association, or any other similar governmental entity or instrumentality or by an insurer authorized to transact mortgage guaranty insurance in this state in accordance with such rules and regulations as may be promulgated by the Commissioner after due notice and hearing.   Notwithstanding any provisions of this title which might be construed to the contrary, the Commissioner may, in his discretion, grant, deny, or revoke the authority of any authorized insurer to invest in or to continue to hold its investment in such securities if, after due notice and hearing, he shall determine that such continued investments would be hazardous to such insurer's policyholders or to the public. In such event, the Commissioner shall give such company a reasonable period of time, not to exceed three years, to dispose of such investments as otherwise provided for in this title, subject to such extensions of time or exceptions as the Commissioner, in his discretion, may grant.     (Code 1933, § 56-1022.1, enacted by Ga. L. 1982, p. 1217, § 1; Code 1981, §33-11-25.1, enacted by Ga. L. 1982, p. 1217, § 2; Ga. L. 1990, p. 45, § 1; Ga. L. 1999, p. 592, § 6.)
GA Code § 33-11-26 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-26. Chattel Mortgage Loans

  In connection with a loan on the security of real estate designed and used primarily for residential purposes only, which loan was acquired pursuant to Code Section 33-11-25, an insurer may lend or invest an amount not exceeding 20 percent of the amount loaned on or invested in the real estate mortgage or loan deed on the security of a chattel mortgage to be amortized by regular periodic payments within a term of not more than five years, and representing a first and prior lien, except for taxes not then delinquent, on personal property constituting durable equipment owned by the mortgagor or security grantor and kept and used in the mortgaged premises.   For the purpose of this Code section, the term "durable equipment" shall include only mechanical refrigerators, air-conditioning equipment, mechanical laundering machines, heating and cooking stoves and ranges, and, in addition, in the case of apartment houses and hotels, room furniture and furnishings.   Prior to the acquisition of a chattel mortgage as prescribed by this Code section, items of property to be included in such mortgage shall be separately appraised by a qualified appraiser and the fair market value of such items of property determined. No chattel mortgage loan shall exceed in amount the same ratio of loan to the value of the property as is applicable to the companion loan on the real property.   This Code section shall not prohibit an insurer from taking liens on personal property as additional security for any investment otherwise eligible under this article.    (Code 1933, § 56-1025, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, §§ 5, 6.)   Cross references.   - Mortgages, § 44-14-30 et seq.    Security deeds, § 44-14-60 et seq.
GA Code § 33-11-27 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-27. Abstract Plant and Equipment and Stocks of Abstract Companies

  In addition to other investments eligible under this article, a title insurer may invest and have invested an amount not exceeding 50 percent of its paid-in capital stock in its abstract plant and equipment and, with the Commissioner's consent, in stocks of abstract companies.   Investments authorized by this Code section shall not be credited against the insurer's required unearned premium or guaranty fund reserve provided for under Code Section 33-10-10.    (Code 1933, § 56-1026, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, §§ 5, 6.)
GA Code § 33-11-28 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-28. Investments Incidental to Preservation or Enhancement of Earnings of Real Property Securing Evidence of Indebtedness Held by Insurer

  If real property securing any evidence of indebtedness held by an insurer is used for agricultural purposes and a proceeding to foreclose the security instrument or an insolvency proceeding relating to the mortgagor has been commenced or, if the mortgagor has made an assignment for the benefit of creditors, the insurer may, for the purpose of preserving or enhancing the earnings of the property:   Purchase agricultural livestock or equipment and utilize the same or cause the same to be utilized in the operation of the property by the mortgagor, or a receiver or trustee, or by the insurer-creditor; or   Lend up to the value of any agricultural equipment or livestock which may be used in the operation of the property, on the security of a first lien on the equipment and livestock.     Nothing in this Code section shall be deemed to limit any right which the insurer may otherwise have under or with respect to any loan, mortgage, or investment.    (Code 1933, § 56-1023, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.)
GA Code § 33-11-29 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-29. Acquisition or Holding of Real Property Generally

  An insurer shall not directly or indirectly acquire or hold real estate except as authorized in this Code section and in Code Sections 33-11-30 through 33-11-32. An insurer may acquire and hold:   Land and buildings on such land used or acquired for use as its principal home office and branch offices for the convenient transaction of its own business; portions of such buildings not used for its own business may be rented by the insurer to others;   Real property acquired in satisfaction in whole or in part of loans, mortgages, liens, judgments, decrees, or debts previously owing to the insurer in the course of its business;   Real property acquired in part payment of the consideration on the sale of other real property owned by it if such transaction effects a net reduction in the insurer's investment in real estate;   Real property acquired by gift or devise, or through merger, consolidation, or bulk reinsurance of another insurer under this title; or   Additional real property and equipment incident to real property if necessary or convenient for the enhancement of the marketability or sale value of real property previously acquired or held by it under paragraphs (2) through (4) of this subsection, but subject to the prior written approval of the Commissioner.     The amount invested by an insurer in home office and branch office property under paragraph (1) of subsection (a) of this Code section shall not exceed 10 percent of the insurer's admitted assets, but the Commissioner may grant permission to the insurer to invest in real property for that purpose in an increased amount not to exceed 25 percent of admitted assets.    (Code 1933, § 56-1028, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6; Ga. L. 2000, p. 136, § 33.)   OPINIONS OF THE ATTORNEY GENERAL   Foreign insurer's investments not limited.    - The "quality" clause of former Code 1933, § 56-1036 (see O.C.G.A. § 33-11-42(a)) does not limit a foreign insurer's investments to only those investments specifically permitted for domestic insurers under former Code 1933, §§ 56-1028 through 56-1031 (see O.C.G.A. §§ 33-11-29 through33-11-32). 1970 Op. Att'y Gen. No. 70-180.   Firemen's Pension Fund may invest in land and buildings used for home office.   - The Board of Trustees of the Georgia Firemen's Pension Fund has power to invest funds in such land and buildings thereon as are used for its principal home office. 1969 Op. Att'y Gen. No. 69-377.
GA Code § 33-11-31 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 11 - Investments|Article 1 - Investments of Certain Insurers|§ 33-11-31. Acquisition and Holding of Real Property for Recreation, Hospitalization, Convalescence, and Retirement of Employees

 Subject to prior approval of the Commissioner, an insurer may acquire and hold real property for recreation, hospitalization, convalescence, and retirement purposes of its employees. All investments under this Code section shall not exceed 5 percent of the insurer's surplus; or, if a mutual or reciprocal insurer, all of those investments shall not exceed 5 percent of the insurer's surplus in excess of the surplus required to be maintained under this title for its authority to transact insurance.   (Code 1933, § 56-1030, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.)   OPINIONS OF THE ATTORNEY GENERAL   Foreign insurer's investments not limited.    - The "quality" clause of former Code 1933, § 56-1036 (see O.C.G.A. § 33-11-42(a)) does not limit a foreign insurer's investments to only those investments specifically permitted for domestic insurers under former Code 1933, §§ 56-1028 through 56-1031 (see O.C.G.A. §§ 33-11-29 through33-11-32). 1970 Op. Att'y Gen. No. 70-180.