Whenever a notice of claim is filed with the Commissioner as provided by law against the deposit of any insurance company doing business in Georgia and said claim has not been withdrawn at the expiration of seven years from the date of the notice of claim, the Commissioner is authorized to treat the notice as void and not binding unless the notice of claim is renewed within said seven-year period. In the event the Commissioner determines that a claim on which notice has been filed and not released by claimant has been settled or disposed of in any manner, it is authorized to proceed as if the notice of claim had never been filed.
History. Code 1933, § 56-1115, enacted by Ga. L. 1960, p. 289, § 1.
Structure Georgia Code
Chapter 12 - Administration of Deposits
§ 33-12-2. Purposes for Which Deposits to Be Held
§ 33-12-3. Assets Deemed Eligible for Deposit
§ 33-12-5. Rights of Insurers as to Recovery, Exchange, and Inspection of Deposits Generally
§ 33-12-6. Deposit of Securities in Amounts Exceeding Required or Permitted Deposit
§ 33-12-7. Procedure Upon Occurrence of Deficiencies in Deposits of Insurers Generally
§ 33-12-8. Release of Deposits Generally
§ 33-12-10. Levy Upon Deposits by Claimants
§ 33-12-12. Proceedings Upon Appointment of Receiver Generally
§ 33-12-13. Proceedings Upon Appointment of Receivers for Satisfaction of Multiple Claims