---
title: O.C.G.A. § 33-14-73. Dividends payable only out of net realized savings and earnings.
collection: code
id: 33-14-73
cite_as: O.C.G.A. § 33-14-73 (2025)
canonical_url: https://georgiacommons.org/code/33-14-73
md_url: https://georgiacommons.org/code/33-14-73.md
text_url: https://georgiacommons.org/code/33-14-73/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=696
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/33-14-72.md
next: https://georgiacommons.org/code/33-14-74.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. § 33-14-73. Dividends payable only out of net realized savings and earnings.

(a) The directors of a domestic mutual insurer may from time to time apportion and pay or credit to its members dividends only out of that part of its surplus funds which represent net realized savings and net realized earnings from its business.

(b) A dividend otherwise proper may be payable out of the savings and earnings even though the insurer’s total surplus is then less than the aggregate of its contributed surplus.

## History

Code 1933, § 56-1524, enacted by Ga. L. 1960, p. 289, § 1.