Georgia § 33-11-59 - Obligations in different currencies.
Full text of Georgia Official Code of Georgia Annotated § 33-11-59 — Obligations in different currencies., with citation guidance and answers to common questions.
§ 33-11-59. Obligations in different currencies.
An insurer doing business that requires it to make payment in different currencies shall have investments in securities in each of these currencies in an amount that independently of all other investments meets the requirements of this article as applied separately to the insurer's obligations in each currency. The Commissioner may by order exempt an insurer, or by regulation a class of insurers, from this requirement if the obligations in other currencies are small enough that no significant problem for financial solidity would be created by substantial fluctuations in relative currency values. (Code 1981, § 33-11-59 , enacted by Ga. L. 1999, p. 592, § 12.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-11-59
What does Official Code of Georgia Annotated § 33-11-59 cover?
Section 33-11-59 ("Obligations in different currencies.") 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 § 33-11-59?
A common citation format is "Official Code of Georgia Annotated § 33-11-59" (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 § 33-11-59 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.