33-10-7. Marine insurance, required reserves.

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

With reference to marine insurance, premiums on trip risks not terminated shall be deemed unearned, and the Commissioner may require the insurer to carry a reserve thereon equal to 100 percent on trip risks written during the month ended as of the date of statement.

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.

Code 1933, § 56-907, enacted by Ga. L. 1960, p. 289, § 1.

Definition of marine and transportation insurance, § 33-7-5.

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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 473 to 474; merge action: carried; file SHA-256 4ecec175d949.