Georgia Code
Article 1 - General Provisions
§ 33-37-3. Definitions

As used in this chapter, the term:
For purposes of this paragraph, “liabilities” shall include, but not be limited to, reserves required by statute or by regulations or specific requirements imposed by the Commissioner upon a subject company at the time of admission or subsequent thereto.
History. Code 1981, § 33-37-3 , enacted by Ga. L. 1991, p. 1424, § 7; Ga. L. 2015, p. 377, § 2-1/HB 552; Ga. L. 2016, p. 816, § 1/HB 883; Ga. L. 2019, p. 386, § 131/SB 133.
The 2019 amendment, effective July 1, 2019, deleted former paragraph (2), which read: “ ‘Commissioner’ means the Commissioner of Insurance.”; redesignated former paragraphs (3) through (7.1) as present paragraphs (2) through (7), respectively; substituted “Department of Insurance” for “Insurance Department” in subparagraph (4)(E); added “and” at the end of division (11)(A)(ii); substituted a period for “; and” at the end of division (11)(B)(ii); deleted former subparagraph (11)(C), which read: “As to any insurer licensed to do business in this state as of July 1, 1991, which does not meet the standard established under subparagraph (B) of this paragraph, for a period not to exceed three years from July 1, 1991, the inability to pay its obligations when they are due or that its admitted assets do not exceed its liabilities plus any required capital contribution ordered by the Commissioner under provisions of this title.”; and redesignated former paragraphs (12.1) through (18) as present paragraphs (13) through (19), respectively.
Cross references.
Venue of actions against insurance companies generally, § 33-4-1 .
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2019, a quotation mark was added at the beginning of paragraph (19).
Law reviews.
For note discussing problems with venue in Georgia, and proposing statutory revisions to improve the resolution of venue questions, see 9 Ga. St. B.J. 254 (1972).

Structure Georgia Code