---
title: O.C.G.A. § 20-2-2018. Excess loss funding program; condition for certificate of authority.
collection: code
id: 20-2-2018
cite_as: O.C.G.A. § 20-2-2018 (2025)
canonical_url: https://georgiacommons.org/code/20-2-2018
md_url: https://georgiacommons.org/code/20-2-2018.md
text_url: https://georgiacommons.org/code/20-2-2018/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=904
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/20-2-2017.md
next: https://georgiacommons.org/code/20-2-2019.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. § 20-2-2018. Excess loss funding program; condition for certificate of authority.

(a) An interlocal risk management agency shall maintain at all times an excess loss funding program acceptable to the Commissioner. An excess loss funding program may consist of excess insurance, self-funding from unobligated surplus of a fund, any combination of such excess insurance or self-funding, or any other funding program acceptable to the Commissioner.

(b) The excess loss funding program of an agency shall be approved by the Commissioner as a condition to the issuance and maintenance of a certificate of authority of any agency which establishes a fund or funds authorized pursuant to this article. An agency may be permitted to purchase excess insurance:

(1) From insurers authorized to transact business in this state; or

(2) From approved surplus lines carriers.

## History

Code 1981, § 20-2-2018, enacted by Ga. L. 1986, p. 1172, § 1; Ga. L. 1988, p. 1960, § 4.