---
title: O.C.G.A. § 33-14-21. Limitation on organizational expenses.
collection: code
id: 33-14-21
cite_as: O.C.G.A. § 33-14-21 (2025)
canonical_url: https://georgiacommons.org/code/33-14-21
md_url: https://georgiacommons.org/code/33-14-21.md
text_url: https://georgiacommons.org/code/33-14-21/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=676
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/33-14-20.md
next: https://georgiacommons.org/code/33-14-22.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. § 33-14-21. Limitation on organizational expenses.

The total expenses of organization of any insurer organized under this chapter including commissions for the sale of stock shall not exceed 121/2 percent of the amount for which the stock is sold in the case of a stock insurer and 121/2 percent of the paid-in surplus in the case of a mutual insurer.

## History

Code 1933, § 56-1542, enacted by Ga. L. 1960, p. 289, § 1.