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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 12. ADMINISTRATION OF DEPOSITS

33-12-5. Rights of insurers as to recovery, exchange, and inspection of deposits generally.

Active

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

  1. So long as the insurer remains solvent and complies with this title it may:

  2. (1)

    Demand, receive, institute an action for, and recover the income from the securities deposited;#

  3. (2)

    Exchange and substitute for the deposited securities or any part thereof, with the approval of the Commissioner, eligible securities of equivalent or greater value; and#

  4. (3)

    Inspect at reasonable times any deposit.#

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

Ga. L. 1887, p. 113, § 5; Civil Code 1895, § 2043; Ga. L. 1905, p. 76, § 1; Ga. L. 1906, p. 107, §§ 4, 5; Civil Code 1910, §§ 2427, 2431, 2432; Code 1933, §§ 56-309, 56-310, 56-317; Code 1933, § 56-1105, enacted by Ga. L. 1960, p. 289, § 1.

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, pages 586 to 587; merge action: carried; file SHA-256 4ecec175d949.