Skip to content
Georgia Commons
Menu

Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 12. ADMINISTRATION OF DEPOSITS

33-12-8. Release of deposits generally.

Active

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

  1. Any deposit made in this state under this title shall be released:

  2. (1)

    To the insurer upon extinguishment by reinsurance or otherwise of all liability of the insurer for the security of which the deposit is held;#

  3. (2)

    To the insurer to the extent such deposit is in excess of the amount required; or#

  4. (3)

    Upon proper order of a court of competent jurisdiction, to the receiver, conservator, rehabilitator, or liquidator of the insurer or to any other properly designated official or officials who succeed to the management and control of the insurer’s assets.#

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, § 4; Civil Code 1895, §§ 2039, 2041; Civil Code 1910, §§ 2423, 2425; Code 1933, §§ 56-323, 56-324; Code 1933, § 56-1108, 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 587 to 588; merge action: carried; file SHA-256 4ecec175d949.