Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 14. DOMESTIC STOCK AND MUTUAL INSURERS · Article 1. GENERAL PROVISIONS

33-14-2. Definitions.

Active

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

As used in this chapter, the term:
(1)
‘‘Mutual insurer’’ means an incorporated insurer without capital stock or shares which is owned and governed by its policyholders.#
(2)
‘‘Stock insurer’’ means an incorporated insurer with capital divided into shares and owned by its shareholders.#

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.

Code 1933, § 56-1502, enacted by Ga. L. 1960, p. 289, § 1.

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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, page 655; merge action: carried; file SHA-256 4ecec175d949.