Limitation period for assessments

Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for and shall pay his share of any assessment, as computed and limited in accordance with this chapter, if: (1) While his or her policy is in force or within one year after its termination, he or she is notified by either the attorney or the Commissioner of his or her intentions to levy the assessment; or (2) If an order to show cause why the receiver, conservator, rehabilitator, or liquidator of the insurer should not be appointed is issued while his or her policy is in force or within one year after its termination. 762 History. — Code 1933, § 56-2124, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2019, p. 337, § 1-83/SB 132. The 2019 amendment, effective July 1, 2019, inserted ‘‘or her’’ in two places in 33-17-25 paragraph (1) and in paragraph (2), and inserted ‘‘or she’’ in paragraph (1).