Ga. Comp. R. & Regs. 120-2-35-.04

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-35-.04 - Interest Received on Deposits

Interest checks from issuing agents or institutions on bonds, notes, debentures or other securities on deposit shall be forwarded to the custodian bank. The interest shall be transmitted to the insurance company in a manner as previously agreed to by the Office of Commissioner of Insurance and the custodian bank.

Ga. Comp. R. & Regs. R. 120-2-35-.04

O.C.G.A. Sections 33-2-9, 33-11-10, 33-12-4, 33-12-5, 33-14-13.

Original Rule entitled "Investments" was filed on March 31, 1983; effective May 1, 1983, as specified by the Agency.

Repealed New Rule of same title adopted. F. Aug. 24, 1989; eff. Sept. 15, 1989, as specified by the Agency.

Repealed: New Rule entitled "lnterest Received on Deposits" adopted. F. Jul. 19, 1996; eff. Aug. 8, 1996.