---
title: O.C.G.A. § 33-17-21. Standards for determination by Commissioner of financial condition of insurer.
collection: code
id: 33-17-21
cite_as: O.C.G.A. § 33-17-21 (2025)
canonical_url: https://georgiacommons.org/code/33-17-21
md_url: https://georgiacommons.org/code/33-17-21.md
text_url: https://georgiacommons.org/code/33-17-21/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=777
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.
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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 / RECIPROCAL INSURERS
---

# O.C.G.A. § 33-17-21. Standards for determination by Commissioner of financial condition of insurer.

In determining the financial condition of a reciprocal insurer, the Commissioner shall apply the following rules:

(1) He shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis;

(2) The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits delinquent for 90 days shall first be charged against such surplus deposit;

(3) The surplus deposits of subscribers shall not be charged as a liability;

(4) All premium deposits delinquent less than 90 days shall be allowed as assets;

(5) An assessment levied upon subscribers and not collected shall not be allowed as an asset;

(6) The contingent liability of subscribers shall not be allowed as an asset; and

(7) The computation of reserves shall be based upon premium deposits other than membership fees without any deduction for expenses and the compensation of the attorney.

## History

Code 1933, § 56-2118, enacted by Ga. L. 1960, p. 289, § 1.