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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 16. FARMERS’ MUTUAL FIRE INSURANCE COMPANIES

33-16-8. Contents of bylaws generally; amendment of bylaws; provision for exclusion of members.

Active

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

  1. (a)

    The bylaws shall state the time and manner of the levy and payment of all premiums or assessments for all insurance written by the company.#

  2. (b)

    The bylaws shall also fix the liability of the policyholders for all losses accrued while the policies are in force, in addition to the regular premium or assessment of the policyholders, and the time and manner of payment of such liability.#

  3. (c)

    The bylaws may be amended and any such amendment shall be filed with the Commissioner at least 30 days prior to its adoption.#

  4. (d)

    The bylaws may contain provisions for the exclusion of any member of the company who refuses or neglects to pay his or her assessment or for any other reasons satisfactory to the directors to be excluded from the insurer.#

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

Ga. L. 1924, p. 122, § 2; Code 1933, § 56-1412; Code 1933, § 56-2008, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2000, p. 136, § 33; Ga. L. 2012, p. 1040, § 1/SB 203.

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 760; merge action: carried; file SHA-256 4ecec175d949.