Georgia Code
Chapter 17 - Reciprocal Insurers
§ 33-17-25. Insufficient Assets to Discharge Liabilities and to Maintain Required Surplus

History. Code 1933, § 56-2130, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2019, p. 337, § 1-84/SB 132.
The 2019 amendment, effective July 1, 2019, inserted “or her” in subsection (b).

Structure Georgia Code

Title 33 - Insurance

Chapter 17 - Reciprocal Insurers

§ 33-17-1. Definitions

§ 33-17-2. Applicability of Chapter

§ 33-17-3. Authorization of Transaction of Insurance by Reciprocal Insurers Generally

§ 33-17-4. Types of Insurance in Which Reciprocal Insurers Authorized to Transact Business; Reinsurance

§ 33-17-5. Requirements as to Name; Actions by and Against Insurers

§ 33-17-6. Procedure for Incorporation of Domestic Reciprocal Insurer Generally; Application for Certificate of Authority; Execution and Filing by Attorney of Declaration; Contents of Declaration

§ 33-17-7. Issuance of Certificate of Authority; Refusal, Suspension, or Revocation of Certificate of Authority; Renewal of Certificate; Payment of Fees and Taxes

§ 33-17-8. Filing of Bond by Attorney for Insurer; Amount of Bond; Cancellation of Bond

§ 33-17-9. Maintenance by Attorney of Deposit in Lieu of Bond

§ 33-17-10. Actions on Attorney’s Bond or Deposit

§ 33-17-11. Rights and Powers of Attorney for Insurer Generally; Contents and Terms of Power of Attorney; Furnishing of Copy of Power of Attorney to Subscribers

§ 33-17-12. Effect of Discharge of Duties by Attorney of Foreign or Alien Insurer; Office of Attorney

§ 33-17-13. Designation by Insurer of Person to Acknowledge or Accept Service of Process; Manner of Service of Process; Effect of Judgment Based Upon Process Served in Manner Prescribed

§ 33-17-14. Subscribers’ Advisory Committee

§ 33-17-15. Modifications of Terms of Subscribers’ Agreement or of Power of Attorney

§ 33-17-16. General Requirements for Transaction of Insurance by Domestic Reciprocal Insurers

§ 33-17-17. Advancement of Sums to Insurer by Attorney or Other Parties; Withdrawal or Repayment of Advances

§ 33-17-18. Persons and Organizations Authorized to Become Subscribers; Exchange of Insurance Contracts; Personal Liability Upon Contracts

§ 33-17-19. Liability of Subscribers for Obligations of Insurer Generally; Contingent Liability Assessment

§ 33-17-20. Enforcement Against Subscriber of Judgment Against Insurer

§ 33-17-21. Standards for Determination by Commissioner of Financial Condition of Insurer

§ 33-17-22. Manner of Levy of Assessments Against Subscribers Generally; Computation of Assessments

§ 33-17-23. Limitation Period for Assessments

§ 33-17-24. Maximum Assessable Aggregate Contingent Liability

§ 33-17-25. Insufficient Assets to Discharge Liabilities and to Maintain Required Surplus

§ 33-17-26. Authorization and Procedure for Issuance by Commissioner of Certificate Authorizing Insurer to Extinguish Contingent Liability of Subscribers; Revocation of Certificate

§ 33-17-27. Distribution of Unused Premiums, Savings, Credits, or Profits to Subscribers

§ 33-17-28. Distribution of Assets to Subscribers Upon Liquidation of Insurer

§ 33-17-29. Filing of Annual Statement With Commissioner

§ 33-17-30. Merger of Reciprocal Insurers; Conversion of Reciprocal Insurers to Stock or Mutual Insurers

§ 33-17-31. Exchange of Contracts or Indemnities by Attorneys