---
title: O.C.G.A. § 33-16-14. Limitations on amounts of risks.
collection: code
id: 33-16-14
cite_as: O.C.G.A. § 33-16-14 (2025)
canonical_url: https://georgiacommons.org/code/33-16-14
md_url: https://georgiacommons.org/code/33-16-14.md
text_url: https://georgiacommons.org/code/33-16-14/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=762
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/33-16.md
previous: https://georgiacommons.org/code/33-16-13.md
next: https://georgiacommons.org/code/33-16-15.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 / FARMERS’ MUTUAL FIRE INSURANCE COMPANIES
---

# O.C.G.A. § 33-16-14. Limitations on amounts of risks.

(a) The maximum amount of insurance that a farmers’ mutual fire insurance company may retain on any subject or subjects of insurance reasonably exposed to loss from the same fire shall not exceed 10 percent of its surplus.

(b) In determining the amount at risk and retained by the insurer, any valid and applicable reinsurance authorized shall be deducted from the gross amount of risk directly assumed by the insurer.

## History

Code 1933, § 56-2012, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1981, p. 809, § 2; Ga. L. 1986, p. 510, § 1; Ga. L. 1989, p. 688, § 2; Ga. L. 1996, p. 705, § 7; Ga. L. 2000, p. 847, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.