GA | Georgia has issued Bulletin 22-EX-2.
The Bulletin states: Insurance companies who do business in Georgia should begin the process of eliminating any financial support, via investments or business operations, for the Russian regime.
Insurance companies that transact business in Georgia should review their financial holdings and operations to begin the process of identifying and divesting from any investments and/or operations in Russian assets or operations that may provide financial support for Russia. Should companies be concerned about how this will affect their statutory and regulatory financial obligations, the Georgia office stands ready to assist those companies in making such divestments or business changes in a manner that will not violate relevant laws, or unduly harm Georgia consumers or the competitiveness of the Georgia insurance market.