Georgia Code
Article 3 - Procedure for Rehabilitation
§ 33-37-43. Payment of Distributions

Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third-party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.
History. Code 1981, § 33-37-43 , enacted by Ga. L. 1991, p. 1424, § 7.

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Structure Georgia Code

Georgia Code

Title 33 - Insurance

Chapter 37 - Insurers Rehabilitation and Liquidation

Article 3 - Procedure for Rehabilitation

§ 33-37-11. Petition for Rehabilitation; Grounds

§ 33-37-12. Order to Rehabilitate; Commissioner to Be Appointed as Rehabilitator; Effect of Order

§ 33-37-13. Authority of Rehabilitator; Additional Remedies; Rehabilitation Plan

§ 33-37-14. Effect of Rehabilitation Order on Pending Litigation; Standing of Guaranty Association to Participate in Rehabilitation

§ 33-37-15. Petition for Order of Liquidation; Defense; Payment of Costs and Expenses; Order Terminating Rehabilitation

§ 33-37-16. Grounds for Order of Liquidation

§ 33-37-17. Commissioner Appointed as Liquidator; Seizure and Administration of Assets; Effect of Filing Order; Petition for Declaration of Insolvency; Financial Reports; Plan for Continued Performance Pending Appeal

§ 33-37-18. Termination of Policy Coverage

§ 33-37-19. Petition for Dissolution of Corporate Existence

§ 33-37-20. Powers of Liquidator

§ 33-37-21. Notice of Liquidation

§ 33-37-22. Responsibility of Agent to Provide Information; Penalty for Violation

§ 33-37-23. Stay of Collateral Proceedings Against Insurer; Authority of Liquidator to Intervene In, and Defend, Out-of-State Action

§ 33-37-24. Time for Filing List of Assets; Reducing Assets to Liquidity

§ 33-37-25. Fraudulent Transfers or Obligations Incurred; Avoidance

§ 33-37-26. Transfer of Property in Good Faith; Recording Copy of Petition as Notice of Seizure of Property

§ 33-37-26.1. Limitations on Ability of Receiver to Void Transfer of Certain Property in Connection With Federal Home Loan Bank Security Agreement; Transfer Avoidance Under Certain Circumstances

§ 33-37-27. Preferential Transfers; Liens; When Transfer Perfected; Avoidance; Transfer for New and Contemporaneous Consideration; Payments to Attorneys; Personal Liability of Participants

§ 33-37-28. Disallowing Preferred Creditor’s Claims

§ 33-37-29. Mutual Debts and Credits

§ 33-37-30. Liquidator’s Report to Court; Assessment Against Members of Insurer; Procedure When Assessment Not Paid

§ 33-37-31. Liability of Reinsurers

§ 33-37-32. Premiums Due During Pendency of Liquidation Action; Penalties for Violation; Notice; Right to Appeal

§ 33-37-33. Application for Approval of Proposal to Disburse Assets; Notice

§ 33-37-34. Proof of Claims; Late Filing

§ 33-37-35. Contents of Proof of Claim; Effect of Judgment or Order Within Four Months Of, or After, Filing Petition for Liquidation

§ 33-37-36. Third-Party Contingent Claim; Claims Due in Future; Claims Under Employment Contracts

§ 33-37-37. Third-Party Claim Against Insured

§ 33-37-38. Procedure When Claim Denied

§ 33-37-39. When Third Person Subrogated to Rights of Creditor

§ 33-37-40. Determining Value of Security Held by Secured Creditor

§ 33-37-41. Priority of Distribution of Claims

§ 33-37-42. Authority of Liquidator to Compound, Compromise, or Negotiate Claims; Report to Court

§ 33-37-43. Payment of Distributions

§ 33-37-44. Disposition of Unclaimed Funds Subject to Distribution

§ 33-37-45. Liquidator’s Application for Discharge

§ 33-37-46. Reopening Liquidation Proceedings

§ 33-37-47. Retention or Destruction of Records

§ 33-37-48. Receivership Audits