---
title: O.C.G.A. § 20-2-2007. Minimum surplus required.
collection: code
id: 20-2-2007
cite_as: O.C.G.A. § 20-2-2007 (2025)
canonical_url: https://georgiacommons.org/code/20-2-2007
md_url: https://georgiacommons.org/code/20-2-2007.md
text_url: https://georgiacommons.org/code/20-2-2007/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch1-2a-(v17)-2022-pdf.pdf?sfvrsn=9db936c6_0#page=899
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/20-2.md
previous: https://georgiacommons.org/code/20-2-2006.md
next: https://georgiacommons.org/code/20-2-2008.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: EDUCATION / ELEMENTARY AND SECONDARY EDUCATION / INTERLOCAL RISK MANAGEMENT AGENCY
---

# O.C.G.A. § 20-2-2007. Minimum surplus required.

Each fund formed pursuant to this article shall possess and thereafter maintain minimum surplus in an amount such as the Commissioner may reasonably establish or subsequently require for the protection of the members. The Commissioner may authorize a fund to maintain a deposit consisting of securities eligible for deposit by domestic insurance companies in accordance with Chapter 12 of Title 33 or, for a period not to exceed 60 months, to post a surety bond in lieu of maintaining the minimum surplus required by this Code section.

## History

Code 1981, § 20-2-2007, enacted by Ga. L. 1986, p. 1172, § 1.