---
title: O.C.G.A. § 33-12-14. Proceeding by Commissioner upon reduction in amount of deposit resulting from occurrence or loss by insured; effect of failure to deposit additional securities.
collection: code
id: 33-12-14
cite_as: O.C.G.A. § 33-12-14 (2025)
canonical_url: https://georgiacommons.org/code/33-12-14
md_url: https://georgiacommons.org/code/33-12-14.md
text_url: https://georgiacommons.org/code/33-12-14/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch1-22-(v24)-2020-pdf.pdf?sfvrsn=a873240d_0#page=591
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/33-12.md
previous: https://georgiacommons.org/code/33-12-13.md
next: https://georgiacommons.org/code/33-12-15.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: INSURANCE / ADMINISTRATION OF DEPOSITS
---

# O.C.G.A. § 33-12-14. Proceeding by Commissioner upon reduction in amount of deposit resulting from occurrence or loss by insured; effect of failure to deposit additional securities.

Whenever, by means of Code Sections 33-12-11 through 33-12-13, the amount of securities so deposited shall be reduced, the Commissioner shall give notice to the insurer depositing and require more securities to be deposited so as always to maintain the original amount; and if the company so notified by the Commissioner shall fail to comply within 30 days, its certificate of authority to do business in this state shall be revoked, and the Commissioner shall at the same time give notice by publication of display advertising in bold type in a newspaper of general circulation throughout the state of the fact of the failure and revocation of certificate of authority. The cost of this publication shall be paid by the company failing to comply with this Code section.

## History

Ga. L. 1887, p. 113, § 4; Civil Code 1895, § 2040; Ga. L. 1896, p. 58, § 3; Civil Code 1910, §§ 2424, 2562; Code 1933, §§ 56-305, 56-1115; Code 1933, § 56-1114, enacted by Ga. L. 1960, p. 289, § 1.