Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-109 - TERM AND UNIVERSAL LIFE INSURANCE RESERVE FINANCING REGULATION
Rule 120-2-109-.09 - Prohibition against Avoidance

No insurer that has Covered Policies as to which this regulation applies (as set forth in 120-2-109-.03) shall take any action or series of actions, or enter into any transaction or arrangement or series of transactions or arrangements if the purpose of such action, transaction or arrangement or series thereof is to avoid the requirements of this regulation, or to circumvent its purpose and intent, as set forth in 120-2-109-.02.

O.C.G.A. §§ 33-2-9, 33-7-14.