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 120-2-35 - BOOK-ENTRY SECURITIES
Rule 120-2-35-.11 - Sale of Securities by the Insurance Company Prohibited
Universal Citation: GA Rules and Regs r 120-2-35-.11
Current through Rules and Regulations filed through September 23, 2024
Insurance companies are prohibited from selling securities which are on deposit with the Commissioner of Insurance or the custodian bank without the express written consent of the Commissioner prior to the sale and only after arrangements for replacements of equal value have been finalized.
O.C.G.A. Secs. 33-2-9, 33-12-4, 33-12-5(2).
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