Georgia § 33-41-12 - Assets.
Full text of Georgia Official Code of Georgia Annotated § 33-41-12 — Assets., with citation guidance and answers to common questions.
§ 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: Those assets described in Code Section 33-10-1; Those assets otherwise authorized by Code Sections 33-41-8 and 33-41-14; Obligations for premium payments, provided that such obligations are secured by letters of credit, as described in Code Section 33-41-9; and Assets that are approved by the Commissioner as admitted assets under rules adopted pursuant to this chapter. (Code 1981, § 33-41-12 , enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.)
Frequently Asked Questions About Georgia § 33-41-12
What does Official Code of Georgia Annotated § 33-41-12 cover?
Section 33-41-12 ("Assets.") 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 § 33-41-12?
A common citation format is "Official Code of Georgia Annotated § 33-41-12" (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 § 33-41-12 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.