Ga. Comp. R. & Regs. R. 120-2-30-.07 - Reporting and Accounting Requirements

(1) The principal together with the interest shall not be considered on the financial statement of the insurer as a legal liability or be the basis of any set off.

(2) The total amount of principal for all surplus loans, then unpaid, shall be entered in the annual statement, in a form approved for current use by the Commissioner, on the Liabilities, Surplus, and Other Funds page under the caption, "Unassigned Funds (Surplus)," with appropriate footnote disclosing the amount of such surplus loans therein contained, together with any interest thereon accrued but unpaid.

Notes

Ga. Comp. R. & Regs. R. 120-2-30-.07

Ga. L. 1960, pp. 289, 305, 549, 1969, pp. 490, 491.

Original Rule entitled "Reporting and Accounting Requirements" adopted as ER. 120-2-30-0.3-.07. F. and eff. August 5, 1977, the date of adoption. Amended: Permanent Rule of same title adopted. F. Dec. 19, 1977; eff. Jan. 8, 1978. Submitted for Publishing: Mar. 15, 2007.