Georgia Commons

Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 14. DOMESTIC STOCK AND MUTUAL INSURERS · Article 3. DOMESTIC MUTUAL INSURERS

33-14-64. Solicitation of applications for policies upon approval of bond or deposit; provisions and execution of applications; requirement of cash premiums.

Active

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

  1. (a)

    Upon receipt of the Commissioner’s approval of the bond or deposit required by Code Section 33-14-63, the directors and officers of the proposed domestic mutual insurer may commence solicitation of such requisite applications for insurance policies as they may accept and may receive deposits of premiums thereon.#

  2. (b)

    All applications shall be in writing signed by the applicant.#

  3. (c)

    All applications shall provide that:#

    1. (1)

      Issuance of the policy is contingent upon the insurer qualifying for and receiving a certificate of authority; and#

    2. (2)

      No insurance is in effect unless and until the certificate of authority has been issued.#

  4. (d)

    All qualifying premiums collected shall be in cash.#

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

Code 1933, § 56-1512, 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, page 691; merge action: carried; file SHA-256 4ecec175d949.

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