---
title: O.C.G.A. § 33-14-62. Authorization of transaction of additional kinds of insurance.
collection: code
id: 33-14-62
cite_as: O.C.G.A. § 33-14-62 (2025)
canonical_url: https://georgiacommons.org/code/33-14-62
md_url: https://georgiacommons.org/code/33-14-62.md
text_url: https://georgiacommons.org/code/33-14-62/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=689
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/33-14-61.md
next: https://georgiacommons.org/code/33-14-63.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 / DOMESTIC MUTUAL INSURERS
---

# O.C.G.A. § 33-14-62. Authorization of transaction of additional kinds of insurance.

A domestic mutual insurer formed after January 1, 1961, after being authorized to transact one kind of insurance shall be authorized by the Commissioner to transact such additional kinds of insurance as are permitted under Code Section 33-3-5, while otherwise in compliance with this title and while maintaining unimpaired surplus funds in an amount not less than the amount of paid-in capital stock required of a domestic stock insurer transacting like kinds of insurance, subject further to the additional expendable surplus requirements of this title applicable to such a stock insurer.

## History

Code 1933, § 56-1517, enacted by Ga. L. 1960, p. 289, § 1.