---
title: O.C.G.A. § 33-3-6. Requirements as to capital stock or surplus generally.
collection: code
id: 33-3-6
cite_as: O.C.G.A. § 33-3-6 (2025)
canonical_url: https://georgiacommons.org/code/33-3-6
md_url: https://georgiacommons.org/code/33-3-6.md
text_url: https://georgiacommons.org/code/33-3-6/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=107
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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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. § 33-3-6. Requirements as to capital stock or surplus generally.

(a) On or after July 1, 2000, to qualify for an original certificate of authority to transact one or more classes of insurance, an insurer shall possess and thereafter maintain a minimum of $1.5 million in capital stock or in surplus.

(b) As to surplus required for initial qualification to transact one kind of insurance and thereafter to be maintained, domestic mutual insurers shall be governed by Chapter 14 of this title and domestic reciprocal insurers shall be governed by Chapter 17 of this title. Farmers’ mutual fire insurance companies shall be governed by Chapter 16 of this title.

## History

Code 1933, § 56-306, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1984, p. 1080, § 1; Ga. L. 1985, p. 149, § 33; Ga. L. 1990, p. 1275, § 2; Ga. L. 1992, p. 1539, § 1; Ga. L. 1995, p. 637, § 1; Ga. L. 2000, p. 1246, § 2; Ga. L. 2017, p. 164, § 6/HB 127.

## Code Commission Notes

Pursuant to Code Section 28-9-5, in 1990, a comma was inserted following ‘‘insurance’’ in paragraph (1) of subsection (a).

## Editor's Notes

Ga. L. 1990, p. 1275, § 7, not codified by the General Assembly, provides that the 1990 amendment is ‘‘effective for purposes of application to new or newly admitted insurers on January 1, 1991, and effective for all purposes on July 1, 1992.’’

## Law Reviews

For article discussing restrictions on the establishment and transaction of business by a foreign insurer in Georgia with emphasis on threshold requirements for establishment by alien insurers, see 27 Mercer L. Rev. 629 (1976).