Georgia § 33-11-12 - 1. Investment in direct obligations of foreign governments.
Full text of Georgia Official Code of Georgia Annotated § 33-11-12 — 1. Investment in direct obligations of foreign governments., with citation guidance and answers to common questions.
§ 33-11-12. 1. Investment in direct obligations of foreign governments.
Subject to the restrictions and limitations provided in this title, an insurer may invest in bonds, notes, warrants, and other securities not in default which are the direct obligations of the government of any foreign country which the International Monetary Fund lists as an industrialized country and for which the full faith and credit of such government has been pledged for the payment of principal and interest, provided such securities are listed as investment grade by the Securities Valuation Office of the National Association of Insurance Commissioners (NAIC) or as investment grade by a securities rating organization accepted by the NAIC. (Code 1981, § 33-11-12.1 , enacted by Ga. L. 1997, p. 843, § 1; Ga. L. 1999, p. 592, § 6.)
Frequently Asked Questions About Georgia § 33-11-12
What does Official Code of Georgia Annotated § 33-11-12 cover?
Section 33-11-12 ("1. Investment in direct obligations of foreign governments.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 33-11-12?
A common citation format is "Official Code of Georgia Annotated § 33-11-12" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 33-11-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.