Skip to content
Georgia Commons
Menu

Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 15. FRATERNAL BENEFIT SOCIETIES · Article 6. VALUATION STANDARDS; LICENSES AND RENEWALS; EXAMINATIONS; VIOLATIONS; AGENTS OR REPRESENTATIVES

33-15-105. Deficiencies of domestic society; notice; surrender of charter.

Active

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

  1. (a)

    When the Commissioner upon investigation finds that a domestic society:#

    1. (1)

      Has exceeded its powers;#

    2. (2)

      Has failed to comply with any provision of this chapter;#

    3. (3)

      Is not fulfilling its contracts in good faith;#

    4. (4)

      Has a membership of less than 400 after an existence of one year or more; or#

    5. (5)

      Is conducting business fraudulently or in a manner hazardous to its members, creditors, the public, or the business,#

    6. the Commissioner shall notify the society of such deficiency or deficiencies in the manner and under the procedures provided by Chapter 2 of this title.

  2. (b)

    A domestic society may surrender its charter under the procedure in Code Section 33-14-25.#

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 1981, § 33-15-105, enacted by Ga. L. 1993, p. 1744, § 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 750; merge action: carried; file SHA-256 4ecec175d949.