---
title: O.C.G.A. § 33-3-21.2. Analysis of adequacy of loss and loss adjustment expense reserves when reserves outside standard range.
collection: code
id: 33-3-21.2
cite_as: O.C.G.A. § 33-3-21.2 (2025)
canonical_url: https://georgiacommons.org/code/33-3-21.2
md_url: https://georgiacommons.org/code/33-3-21.2.md
text_url: https://georgiacommons.org/code/33-3-21.2/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=126
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 / AUTHORIZATION AND GENERAL REQUIREMENTS FOR TRANSACTION OF INSURANCE
---

# O.C.G.A. § 33-3-21.2. Analysis of adequacy of loss and loss adjustment expense reserves when reserves outside standard range.

(a) As used in this Code section, the term ‘‘qualified independent loss reserve specialist’’ means a person who is not an employee, principal, director, or indirect owner of the insurer and either is a member of the casualty actuarial society or possesses such other experience acceptable to the Commissioner to assure a professional opinion on the adequacy of the loss and loss adjustment expense reserves of the insurer.

(b) Every property and casualty insurer required to file an annual report with the Commissioner which has not filed a statement of opinion relating to loss and loss adjustment expense reserves in connection with its last annual statement on file with the department shall engage, whenever the insurer’s loss and loss adjustment expense reserves are outside the standard or average range as designated by the Commissioner and based upon reliable and credible current information, a qualified independent loss reserve specialist to analyze the adequacy of such reserves and file a report with the Commissioner on a date to be specified by the Commissioner.

## History

Code 1981, § 33-3-21.2, enacted by Ga. L. 1989, p. 674, § 1.

## Law Reviews

For note on 1989 enactment of this Code section, see 6 Ga. St. U.L. Rev. 261 (1989).