33-17-23. Limitation period for assessments.

Active

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

Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for and shall pay his share of any assessment, as computed and limited in accordance with this chapter, if:
(1)
While his or her policy is in force or within one year after its termination, he or she is notified by either the attorney or the Commissioner of his or her intentions to levy the assessment; or#
(2)
If an order to show cause why the receiver, conservator, rehabilitator, or liquidator of the insurer should not be appointed is issued while his or her policy is in force or within one year after its termination.#

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 1933, § 56-2124, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2019, p. 337, § 1-83/SB 132. The 2019 amendment, effective July 1, 2019, inserted ‘‘or her’’ in two places in paragraph (1) and in paragraph (2), and inserted ‘‘or she’’ in paragraph (1).

Law reviews

For article, ‘‘Statutes of Limitation: Counterproductive Com-plexities,’’ see 37 Mercer L. Rev. 1 (1985).

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, pages 778 to 779; merge action: carried; file SHA-256 4ecec175d949.