{"data":{"id":"us-ga/o.c.g.a.-33-41-12","jurisdiction":"us-ga","citation":"O.C.G.A. § 33-41-12","heading":"Assets.","body":"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:\n(1) Those assets described in Code Section 33-10-1;\n(2) Those assets otherwise authorized by Code Sections 33-41-8 and 33-41-14;\n(3) Obligations for premium payments, provided that such obligations are secured by letters of credit, as described in Code Section 33-41-9; and\n(4) Assets that are approved by the Commissioner as admitted assets under rules adopted pursuant to this chapter.","path":["TITLE 33 Insurance","CHAPTER 41 Captive Insurance Companies","Article 1 General Provisions"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.33.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"a08d69f8c5326f9b86d42030cb3311ff70b67709084199345ada521ead16f423","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-33-41-11","next":"us-ga/o.c.g.a.-33-41-13"},"notice":"GroundRules: Original legal text. Not legal advice."}