33-10-8. Accident and sickness insurance, required reserves.

Active

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

For all accident and sickness insurance policies the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and which shall not be less in the aggregate than the reserve according to such method of calculation as the Commissioner may approve.

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, § 56-908, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1980, p. 1108, § 3; Ga. L. 1985, p. 1087, § 2.

Definition of accident and sickness insurance, § 33-7-2.

For note, ‘‘Misrepresentations and Nondisclosures in the Insurance Application,’’ see 13 Ga. L. Rev. 876 (1979).

Read the official page (the state's PDF, opened at the page this text was read from).

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, page 474; merge action: carried; file SHA-256 4ecec175d949.