Title 33 — Title 33
0 chapters · 1,218 sections in this title.
O.C.G.A. § 33-10-1 Assets exclusions, §33-10-2
0.6K chars
1218 INDEX INSURANCE COMPANIES —Cont’d Assets and liabilities —Cont’d Financial condition of insurers —Cont’d Assets considered in determining —Cont’d Excluded assets, §33-10-2. Investments, §§33-11-1 to 33-11-43. Liabilities charged as deductions from assets, §33-10-3. Reciproca…
O.C.G.A. § 33-10-10 Title insurance, required reserves
0.8K chars
In addition to an adequate reserve as to outstanding losses as required under Code Section 33-10-5, a title insurer shall maintain a guaranty fund or unearned premium reserve of not less than an amount computed as follows: (1) Ten percent of the total amount of the risk premiums …
O.C.G.A. § 33-10-11 Requirement of special reserve for certain bonds
1.1K chars
In lieu of the unearned premium reserve required on surety insurance under subsection (a) of Code Section 33-10-6, the Commissioner may require any surety insurer or limited surety insurer to set up and maintain a reserve on all bail bonds or other single premium bonds without de…
O.C.G.A. § 33-10-13 Standard valuation
70.8K chars
(a) This Code section shall be known and may be cited as the ‘‘Standard Valuation Law.’’ (b) The following definitions shall apply on or after the operative date of the valuation manual. For the purposes of this Code section, the term: (1) ‘‘Accident and health insurance’’ means c…
O.C.G.A. § 33-10-14 Valuation of investments
1.1K chars
The value or amount of investments, unless otherwise specified in this chapter, and excluding assets of separate accounts which are subject to Code Sections 33-11-65 through 33-11-67, shall be the value at which assets of an insurer are required to be reported for statutory accoun…
O.C.G.A. § 33-10-16 Valuation of real and personal property reserves
1.4K chars
(a) Real property acquired under a mortgage loan or under a deed to secure debt or pursuant to a contract of sale, in the absence of a recent appraisal deemed by the Commissioner to be reliable, shall not be valued at an amount greater than the unpaid principal of the defaulted l…
O.C.G.A. § 33-10-17 Investment pools, §33-11-86
1.0K chars
Investments. Protection and furtherance of investments. Minimum asset requirement. Defined, §33-11-51. Using investment assets to satisfy, §33-11-61. Rehabilitation and liquidation. Disbursement of assets. Application for approval of proposed disbursement, §33-37-33. Failure of an…
O.C.G.A. § 33-10-2 Excluded assets
3.4K chars
In addition to assets impliedly excluded by Code Section 33-10-1, the following expressly shall not be allowed as assets in any determination of the financial condition of an insurer: (1) Trade names and other similar intangible assets; (2) Advances to officers other than policy l…
O.C.G.A. § 33-10-3 Deposits of assets
0.5K chars
Eligibility assets, §33-12-3. Generally, §§33-12-1 to 33-12-17. Domestic stock and mutual insurers. Correction of deficiency in assets, etc., §33-14-22. Distribution of assets to members of mutual insurers upon liquidation, §33-14-77. Levy of assessment by directors of mutual insu…
O.C.G.A. § 33-10-4 Business affairs and operations
0.2K chars
Generally, §33-3-21. Captive insurance companies, §33-41-15. Corporate governance annual disclosure, §§33-65-1 to 33-65-11. Insurers insolvency pool. Report by board of trustees, §33-36-14.1. Investment pools, §33-11-89.
O.C.G.A. § 33-10-5 Capital stock and liabilities charged against assets
4.3K chars
In any determination of the financial condition of an insurer, capital stock and liabilities to be charged against its assets shall include: (1) The amount of its capital stock outstanding, if any; (2) The amount, estimated consistent with this title, necessary to pay all of its u…
O.C.G.A. § 33-10-6 Marine insurance, §33-10-7
0.1K chars
Property insurance. Unearned premium reserve, §33-10-6. Surety insurance.
O.C.G.A. § 33-10-7 Marine insurance, required reserves
0.3K chars
With reference to marine insurance, premiums on trip risks not terminated shall be deemed unearned, and the Commissioner may require the insurer to carry a reserve thereon equal to 100 percent on trip risks written during the month ended as of the date of statement. 457 33-10-7 H…
O.C.G.A. § 33-10-8 Assets considered in determining financial condition of insurers generally
6.3K chars
Excluded assets. Deduction of assets from liabilities and liabilities from assets generally. Reporting of unallowed assets and assets of doubtful value or character as deduction from gross assets. Capital stock and liabilities charged against assets. Unearned premium reserve requ…
O.C.G.A. § 33-10-9 Employers’ liability and workers’ compensation insurance, required reserves
0.3K chars
Reserved. Repealed by Ga. L. 2005, p. 655, § 1, effective May 2, 2005. Editor’s notes. — This Code section was based on Code 1933, § 56-909, en- acted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33. 33-10-10. Title insurance, required reserves.