Title 33 — Title 33
0 chapters · 1,218 sections in this title.
O.C.G.A. § 33-16-1 Scope of chapter
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This chapter applies only to domestic farmers’ mutual fire insurance companies. 740 33-16-1 FARMERS’ MUTUAL FIRE INSURANCE COMPANIES 33-16-3 History. — Code 1933, § 56-2001, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203. 33-16-2. ‘‘Domestic farmers’ mutual …
O.C.G.A. § 33-16-11 Voting by policyholders, §33-16-12
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Minimum surplus requirements, §33-16-13. FARMERS’ MUTUAL FIRE INSURANCE COMPANIES —Cont’d Mutual insurance companies. Conversion into, §33-16-22. Notice. Annual and special meetings of members, §33-16-11. Other provisions of insurance law. Applicability to companies, §33-16-21. P…
O.C.G.A. § 33-16-12 Voting by policyholders at meetings
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Each policyholder in a farmers’ mutual fire insurance company shall be entitled to only one vote in all policyholders’ meetings. No voting by proxy shall be permitted unless it is specially authorized in the bylaws and approved by the Commissioner. History. — Ga. L. 1923, p. 113, …
O.C.G.A. § 33-16-13 Amount of minimum surplus required
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(a) The amount of minimum surplus required for each farmers’ mutual fire insurance company shall be determined on an individual basis; however, no farmers’ mutual fire insurance company shall be 745 33-16-14 issued a certificate of authority unless it shall possess and thereafter ma…
O.C.G.A. § 33-16-14 Limitations on amounts of risks
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(a) The maximum amount of insurance that a farmers’ mutual fire insurance company may retain on any subject or subjects of insurance reasonably exposed to loss from the same fire shall not exceed 10 percent of its surplus. (b) In determining the amount at risk and retained by the i…
O.C.G.A. § 33-16-15 Reinsurance
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A farmers’ mutual fire insurance company shall not accept reinsurance of the risk of any other insurer. History. — Ga. L. 1923, p. 113, § 17; Code 1933, § 56-1424; Code 1933, § 56-2007, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.
O.C.G.A. § 33-16-16 Liability of members for losses and expenses of companies
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No member of such insurer shall be liable to assessment to pay losses and expenses accruing prior to the time his policy became effective nor for losses and expenses accruing after termination or expiration of the policy. History. — Code 1933, § 56-2019, enacted by Ga. L. 1960, p…
O.C.G.A. § 33-16-17 Amounts of risks
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Limitations on, §33-16-14. Annual statement. Filing with commissioner, §33-16-18. Applicability of chapter, §33-16-1. Applicability of other provisions of insurance law, §33-16-21. Assessments. Exclusion of member for refusal or neglect to pay, §33-16-8. Board of directors. Numbe…
O.C.G.A. § 33-16-18 Filing of annual statement with Commissioner
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Every farmers’ mutual fire insurance company shall, on or before March 1 of each year, make and file with the Commissioner an annual statement of its business as of December 31 of the preceding year, on the form prescribed by the Commissioner. History. — Code 1933, § 56-2016, enact…
O.C.G.A. § 33-16-19 Examination of companies by Commissioner; payment of costs of examinations
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The Commissioner shall at least once in five years, or as often as he or she deems necessary, examine farmers’ mutual fire insurance companies. The costs of the examination shall be paid by the company. History. — Code 1933, § 56-2018, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 20…
O.C.G.A. § 33-16-2 Incorporation procedure, §33-16-3
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Liability for losses and expenses of companies, §33-16-16. Licenses. Fees, §§33-8-3, 33-16-5. Limitations on amounts of risks, §33-16-14. Loans.
O.C.G.A. § 33-16-20 Exemption from taxes, costs, and fees
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Any company organized under this chapter shall be exempt from all taxes, costs, and fees, including those listed in Chapter 8 of this title, except as expressly provided in this chapter and except taxes payable upon real and personal property owned by the company. History. — Code…
O.C.G.A. § 33-16-21 Applicability of other provisions of title to companies
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In addition to this chapter, farmers’ mutual fire insurance companies shall be subject to the following chapters of this title to the extent so applicable: Chapters 1, 2, 5, 6, 12, and 37, and Article 1 of Chapter 11. History. — Code 1933, § 56-2022, enacted by Ga. L. 1960, p. 289…
O.C.G.A. § 33-16-22 Conversion of companies into mutual insurance companies
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Any company organized under this chapter may be converted into a mutual insurance company by complying with the applicable provisions of Chapter 14 of this title. History. — Code 1933, § 56-2021, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203. 748 T.33, C.1…
O.C.G.A. § 33-16-3 Contingent liability of members
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Inclusion in policy, §33-16-9. Conversion into mutual insurance companies, §33-16-22. Costs. Examinations of companies by commissioner, §33-16-19. Exemption from costs and fees listed in general insurance law, §33-16-20. Domestic farmers’ mutual fire insurance companies. Defined, §…
O.C.G.A. § 33-16-5 Annual license fee
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Farmers’ mutual fire insurance companies shall pay no annual fees or charges other than an annual license fee as provided in Code Section 33-8-1. History.
O.C.G.A. § 33-16-6 Board of directors generally
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In companies organized under this chapter, the number of directors shall be not less than three. A majority of the board of directors shall be a quorum for the transaction of business. No person shall be or act as a director of the insurer who does not have insurance in force in …
O.C.G.A. § 33-16-8 Inclusion in insurance policy, §33-16-9
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Waiver. Inclusion of policy provisions against, §33-16-10. Certificates of authority. Issuance, §33-16-4. Qualifications, §33-16-4. 1154 INDEX FARMERS’ MUTUAL FIRE INSURANCE COMPANIES —Cont’d Charters. Applications, §33-16-3. Granted by secretary of state, §33-16-3. Contingent liab…
O.C.G.A. § 33-16-9 Scope of chapter
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‘‘Domestic farmers’ mutual fire insurance companies’’ defined; risks against which companies may write insurance. Procedure for incorporation of companies generally; filing and contents of application for charter; granting of charter by Secretary of State. Issuance of certificate of …