---
title: O.C.G.A. § 33-17-28. Distribution of assets to subscribers upon liquidation of insurer.
collection: code
id: 33-17-28
cite_as: O.C.G.A. § 33-17-28 (2025)
canonical_url: https://georgiacommons.org/code/33-17-28
md_url: https://georgiacommons.org/code/33-17-28.md
text_url: https://georgiacommons.org/code/33-17-28/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=781
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/33-17.md
previous: https://georgiacommons.org/code/33-17-27.md
next: https://georgiacommons.org/code/33-17-29.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 / RECIPROCAL INSURERS
---

# O.C.G.A. § 33-17-28. Distribution of assets to subscribers upon liquidation of insurer.

Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharges of its indebtedness and policy obligations, the return of any contributions of the attorney or other persons to its surplus made as provided in Code Section 33-17-17, and the return of any unused premiums, savings, or credit then standing on subscribers’ accounts shall be distributed to its subscribers who were such within the 12 months prior to the last termination of its certificate of authority, according to such reasonable formula as the Commissioner may approve.

## History

Code 1933, § 56-2128, enacted by Ga. L. 1960, p. 289, § 1.