---
title: O.C.G.A. § 33-14-65. Deposit of premiums and fees collected; issuance and delivery of policies by insurers; effective date of insurance.
collection: code
id: 33-14-65
cite_as: O.C.G.A. § 33-14-65 (2025)
canonical_url: https://georgiacommons.org/code/33-14-65
md_url: https://georgiacommons.org/code/33-14-65.md
text_url: https://georgiacommons.org/code/33-14-65/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=691
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/33-14-64.md
next: https://georgiacommons.org/code/33-14-66.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. § 33-14-65. Deposit of premiums and fees collected; issuance and delivery of policies by insurers; effective date of insurance.

(a) All sums collected by a domestic mutual corporation as premiums or fees on qualifying applications for insurance with such corporation shall be deposited in trust in a bank or trust company in this state which is authorized under the laws of this state to act as a depository of state funds and which has its deposits insured by the Federal Deposit Insurance Corporation under a written trust agreement consistent with this Code section. The corporation shall file an executed copy of the trust agreement with the Commissioner.

(b) Upon issuance to the corporation of a certificate of authority as an insurer for the kind of insurance for which the applications were solicited, all funds so held in trust shall become the funds of the insurer and the insurer shall issue and deliver its policies for which premiums have been paid and accepted. The insurance provided by the policies shall be effective as of the date of the certificate of authority.

## History

Code 1933, § 56-1513, enacted by Ga. L. 1960, p. 289, § 1.