---
title: O.C.G.A. § 33-24-48. Acceptance of surety insurance companies as sureties upon bonds of persons or corporations; rights and liabilities of corporate sureties.
collection: code
id: 33-24-48
cite_as: O.C.G.A. § 33-24-48 (2025)
canonical_url: https://georgiacommons.org/code/33-24-48
md_url: https://georgiacommons.org/code/33-24-48.md
text_url: https://georgiacommons.org/code/33-24-48/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch23-65-(v25)-2020-pdf.pdf?sfvrsn=68297_0#page=304
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/33-24.md
previous: https://georgiacommons.org/code/33-24-47.1.md
next: https://georgiacommons.org/code/33-24-49.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 / INSURANCE GENERALLY / GENERAL PROVISIONS
---

# O.C.G.A. § 33-24-48. Acceptance of surety insurance companies as sureties upon bonds of persons or corporations; rights and liabilities of corporate sureties.

Any surety insurance company or any other corporation or company that may do a surety insurance business, incorporated and organized under the laws of this state or of any other state or a foreign country for the purpose of transacting the business of surety insurance, which has complied with all requirements of law for license to transact business in this state, upon proper proof of compliance and upon production of evidence of solvency and credit satisfactory to the judge, head of the department, or other officer or officers authorized to approve and accept bonds, may be accepted as surety upon the bond of any person, company, or corporation required by law to execute bonds in lieu of any surety or sureties otherwise required by law. Any surety insurance company or other company doing a surety insurance business may be released from its liability on the bond on the same terms and conditions as are prescribed by law for the release of individuals, it being the purpose of this Code section to enable the companies and corporations doing a surety insurance business to become sureties on all bonds required by law to be taken with all the rights and subject to all the liabilities of individual sureties.

## History

Ga. L. 1887, p. 108, § 2; Civil Code 1895, § 2142; Civil Code 1910, § 2551; Code 1933, § 56-1102; Code 1933, § 56-2435, enacted by Ga. L. 1960, p. 289, § 1.

## Law Reviews

For article analyzing problems and obligation of parties in personal suretyship, see 5 Mercer L. Rev. 289 (1954).