---
title: O.C.G.A. § 33-12-17. Withdrawal of deposit.
collection: code
id: 33-12-17
cite_as: O.C.G.A. § 33-12-17 (2025)
canonical_url: https://georgiacommons.org/code/33-12-17
md_url: https://georgiacommons.org/code/33-12-17.md
text_url: https://georgiacommons.org/code/33-12-17/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=592
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/33-12-16.md
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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. § 33-12-17. Withdrawal of deposit.

When any depositing company shall desire to withdraw any deposit made with the Commissioner as provided by Code Section 33-12-1, and the Commissioner shall find that the deposit is no longer required, in whole or in part, in order to comply with the laws of this or any other state, he may to that extent release the deposit, and his certificate to that effect shall authorize the state to return the deposit so released to the depositing company. A certificate from the Commissioner or other official authorized to administer the insurance laws of any other state or states showing that the depositing company has fully satisfied or made provision for the full payment and satisfaction of all policy obligations in the other state or states or that such policy obligations in such other state or states have been otherwise adequately provided for shall be sufficient evidence that the deposit is no longer required by the laws of such other state or states; provided, however, that any notice of loss theretofore given in conformity with this law shall remain effective, and the Commissioner shall nevertheless retain securities in an amount sufficient to meet the requirements of Code Sections 33-12-11 and 33-12-12.

## History

Ga. L. 1896, p. 58, § 3; Civil Code 1910, § 2561; Ga. L. 1916, p. 129, § 1; Code 1933, §§ 56-1111, 56-1112; Code 1933, § 56-1117, enacted by Ga. L. 1960, p. 289, § 1.