Georgia Ins

Co. v. White, 190 Ga. App. 208, 378 S.E.2d 523 (1989). Return of unearned premiums to agent or broker insufficient compliance. — That the insurance company may return such premiums either directly or by way of the agent does not support the contention that the return of unearned premiums to the agent, agency, or broker placing the insurance constituted return to the premium finance company and fulfilled the insurance company’s statutory obligations. Perry & Co. v. Knight Ins. Underwriters, Inc., 149 Ga. App. 128, 253 S.E.2d 808 (1979). Twenty-year limitation of actions applies. — When action was brought on the independent statutory remedy afforded by subsection (a) of Ga. L. 1976, p. 1564, § 1 (see O.C.G.A. § 33-22-14), and the claim for relief was predicated on the statutory obligation contained therein, and the statutory remedy is not a codification of a remedy existing at common law, but is one arising solely from the statute, former Code 1933, § 3-704 (see O.C.G.A. § 9-3-22), providing a 20-year limitation period, applies rather than the statute of limitations of four years contained in former Code 1933, § 3-706 (see O.C.G.A. § 9-3-25). Perry & Co. v. Knight Ins. Underwriters, Inc., 149 Ga. App. 128, 253 S.E.2d 808 (1979). Insured obligated to pay balance of financed amount upon cancellation of insurance policy. — Trial court prop- 913 erly granted an insurance premium finance corporation summary judgment on the company’s claim against the insured for unpaid premiums because O.C.G.A. § 33-22-14(a) was not the corporation’s exclusive remedy based on the finance agreement obligating the insured to pay the balance remaining once the policy was canceled. Burke v. Prime Rate Premium 33-22-16 Fin. Corp., 325 Ga. App. 760, 754 S.E.2d 802 (2014). Cited in Cochran v. Paco, Inc., 409 F. Supp. 219 (N.D. Ga. 1975); Balboa Ins. Co. v. Hunter, 165 Ga. App. 273, 299 S.E.2d 91 (1983); Perry & Co. v. New S. Ins. Brokers of Ga., Inc., 182 Ga. App. 84, 354 S.E.2d 852 (1987).