Title 33 — Title 33
0 chapters · 1,218 sections in this title.
O.C.G.A. § 33-12-10 Levy upon deposits by claimants
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33-12-11. Retention of amount to pay judgment in event of occurrence of loss by insured; application for appointment of receiver. 33-12-12. Proceedings upon appointment of receiver generally. 33-12-13. Proceedings upon appointment of receivers for satisfaction of multiple claims.…
O.C.G.A. § 33-12-11 Generally, §33-12-12
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Proceedings for satisfaction of multiple claims, §33-12-13. Satisfaction of multiple claims. Proceedings for, §33-12-13. Certificates of authority. Suspension upon commencement of proceedings for receivership, §33-3-18. Insurers insolvency pool.
O.C.G.A. § 33-12-12 Proceedings upon appointment of receiver generally
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The Commissioner in his capacity as receiver shall apply to the judge of the superior court for an order of sale and in pursuance of said order shall sell said securities. After deducting any expenses as shall be allowed by the court, he shall pay over to the plaintiff or his att…
O.C.G.A. § 33-12-14 Releases
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Application and order. Required, §33-12-9. Commissioner’s liability, §33-12-9. Conditions, §33-12-8. Criteria, §33-12-8. Generally, §33-12-8. Insolvent insurers. Amounts exceeding required deposit, etc., §33-12-6. INSURANCE COMPANIES —Cont’d Deposits —Cont’d Retention of securiti…
O.C.G.A. § 33-12-15 Insurance deficiency assessment
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Issuance of notice, §33-2-30. Insurance information. Unlawful collection, use or disclosure of information gathered by insurance institutions, §33-39-21. Managed health care plans. Post-payment audits, §33-20A-62. LIMITED LIABILITY COMPANIES. Insurable interest, §33-24-3. Investm…
O.C.G.A. § 33-12-16 Effect of order of general receivership
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Whenever a general receivership under Chapter 37 of this title is ordered by a court of this state, it shall supersede receiverships created under Code Sections 33-12-11 through 33-12-13. History. — Code 1933, § 56-1116, enacted by Ga. L. 1960, p. 289, § 1. 33-12-17. Withdrawal o…
O.C.G.A. § 33-12-17 Withdrawal of deposit
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When any depositing company shall desire to withdraw any deposit made with the Commissioner as provided by Code Section 33-12-1, and the Commissioner shall find that the deposit is no longer required, in whole or in part, in order to comply with the laws of this or any other state…
O.C.G.A. § 33-12-2 Purposes for which deposits to be held
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Deposits shall be held as follows: (1) When the deposit is required for authority to transact insurance in this state, the deposit shall be held for the protection of all the insurer’s policyholders or others entitled to the proceeds of policies within the United States, provided…
O.C.G.A. § 33-12-3 Assets deemed eligible for deposit
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(a) All deposits required for authority to transact insurance in this state shall consist of any combination of the securities eligible for the investment of capital funds of domestic insurers as enumerated and described in paragraph (3) of Code Section 33-11-5, except real estat…
O.C.G.A. § 33-12-7 Domestic mutual insurers
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Premiums and fees collected by proposed insurers, §33-14-65. Exchange. Rights of insurers, §33-12-5. Inspections. Rights of insurers, §33-12-5. Levy by judgment creditors, etc., §33-12-10. Reciprocal insurers.
O.C.G.A. § 33-12-8 Release of deposits generally
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Any deposit made in this state under this title shall be released: (1) To the insurer upon extinguishment by reinsurance or otherwise of all liability of the insurer for the security of which the deposit is held; 571 33-12-10 (2) To the insurer to the extent such deposit is in ex…