---
title: O.C.G.A. § 33-14-72. Reinsurance of risks.
collection: code
id: 33-14-72
cite_as: O.C.G.A. § 33-14-72 (2025)
canonical_url: https://georgiacommons.org/code/33-14-72
md_url: https://georgiacommons.org/code/33-14-72.md
text_url: https://georgiacommons.org/code/33-14-72/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=695
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
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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. § 33-14-72. Reinsurance of risks.

(a) A domestic mutual company transacting insurance business under the laws of this state with the approval of the Commissioner may reinsure all risks undertaken by it in any company authorized to transact a similar class of insurance business in this state and transfer to the company assuming such risks all or such of its assets, reserves, liabilities, and obligations of every character as the agreement approved by the Commissioner shall provide.

(b) This Code section shall not prevent a domestic mutual company from reinsuring any risks or fractional parts thereof not situated in this state in any company licensed by the state in which such risks are located.

## History

Code 1933, § 56-1539, enacted by Ga. L. 1960, p. 289, § 1.