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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 17. RECIPROCAL INSURERS

33-17-24. Maximum assessable aggregate contingent liability.

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

  1. No one policy or subscriber as to the policy shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one calendar year in excess of the amount provided for in the power of attorney or in the subscriber’s agreement computed solely upon premium earned on the policy during that year.

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, § 56-2125, enacted by Ga. L. 1960, p. 289, § 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 779; merge action: carried; file SHA-256 4ecec175d949.