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Term for Which Policy Reserve for Unearned Was Written Premium 1 year or less 1/2 2 years First year 3/4 Second year 1/4 3 years First year 5/6 Second year 1/2 Third year 1/6 4 years First year 7/8 Second year 5/8 Third year 3/8 Fourth year 1/8 5 years First year 9/10 Second year 7/10 Third year 1/2 Fourth year 3/10 Fifth year 1/10 Over 5 years Pro rata
History. Code 1933, § 56-906, enacted by Ga. L. 1960, p. 289, § 1.
Cross references.
Definition of casualty insurance, § 33-7-3 .
Definition of property insurance, § 33-7-6 .
Definition of surety insurance, § 33-7-7 .
Structure Georgia Code
Chapter 10 - Assets and Liabilities
§ 33-10-1. Assets Considered in Determining Financial Condition of Insurers Generally
§ 33-10-3. Deduction of Assets From Liabilities and Liabilities From Assets Generally
§ 33-10-5. Capital Stock and Liabilities Charged Against Assets
§ 33-10-7. Marine Insurance, Required Reserves
§ 33-10-8. Accident and Sickness Insurance, Required Reserves
§ 33-10-10. Title Insurance, Required Reserves
§ 33-10-11. Requirement of Special Reserve for Certain Bonds
§ 33-10-12. Requirement by Commissioner of Increase in Loss Reserves
§ 33-10-13. Standard Valuation
§ 33-10-14. Valuation of Investments
§ 33-10-16. Valuation of Real and Personal Property Reserves