Georgia § 33-11-23 - Loans secured by pledge of securities or by pledge or assignment of life insurance policies.
Full text of Georgia Official Code of Georgia Annotated § 33-11-23 — Loans secured by pledge of securities or by pledge or assignment of life insurance policies., with citation guidance and answers to common questions.
§ 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.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-11-23
What does Official Code of Georgia Annotated § 33-11-23 cover?
Section 33-11-23 ("Loans secured by pledge of securities or by pledge or assignment of life insurance policies.") 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 § 33-11-23?
A common citation format is "Official Code of Georgia Annotated § 33-11-23" (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 § 33-11-23 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.