---
title: O.C.G.A. § 33-14-16. Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium.
collection: code
id: 33-14-16
cite_as: O.C.G.A. § 33-14-16 (2025)
canonical_url: https://georgiacommons.org/code/33-14-16
md_url: https://georgiacommons.org/code/33-14-16.md
text_url: https://georgiacommons.org/code/33-14-16/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=671
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/33-14.md
previous: https://georgiacommons.org/code/33-14-15.md
next: https://georgiacommons.org/code/33-14-17.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 / DOMESTIC STOCK AND MUTUAL INSURERS / GENERAL PROVISIONS
---

# O.C.G.A. § 33-14-16. Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium.

(a) If so provided in its charter, a domestic stock or domestic mutual insurer may issue any or all of its policies with or without participation in profits, savings, or unabsorbed portions of premiums, may classify policies issued on a participating or nonparticipating basis, and may determine the right to participate and the extent of participation of any class or classes of policies. Any classification or determination shall be reasonable and shall not unfairly discriminate as between policyholders within the same classification.

(b) No dividend, otherwise earned, shall be made contingent upon the payment of a renewal premium on any policy.

## History

Code 1933, § 56-1521, enacted by Ga. L. 1960, p. 289, § 1.