33-10-3. Deduction of assets from liabilities and liabilities from assets generally.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Assets may be allowable as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets, in accordance with the form of annual statement applicable to such insurer as directed by the Commissioner or otherwise in his or her discretion.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1933, § 56-902, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2019, p. 337, § 1-57/SB 132. The 2019 amendment, effective July 1, 2019, substituted ‘‘as directed’’ for ‘‘as prescribed’’ and inserted ‘‘or her’’ near the end of this Code section.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, pages 470 to 471; merge action: carried; file SHA-256 4ecec175d949.