One Click Case Law for § 33-11-31
O.C.G.A. § 33-11-30 <-- --> O.C.G.A. §33-11-32

2010 Georgia Code

TITLE 33 - INSURANCE

CHAPTER 11 - INVESTMENTS
ARTICLE 1 - INVESTMENTS OF CERTAIN INSURERS
§ 33-11-31 - Acquisition or holding of real property -- Acquisition and holding of real property for recreation, hospitalization, convalescence, and retirement of employees

O.C.G.A. 33-11-31 (2010)
33-11-31. Acquisition or holding of real property -- Acquisition and holding of real property for recreation, hospitalization, convalescence, and retirement of employees


Subject to prior approval of the Commissioner, an insurer may acquire and hold real property for recreation, hospitalization, convalescence, and retirement purposes of its employees. All investments under this Code section shall not exceed 5 percent of the insurer's surplus; or, if a mutual or reciprocal insurer, all of those investments shall not exceed 5 percent of the insurer's surplus in excess of the surplus required to be maintained under this title for its authority to transact insurance.