---
title: O.C.G.A. § 33-3-9. Requirement of additional deposits of securities by foreign and alien insurers.
collection: code
id: 33-3-9
cite_as: O.C.G.A. § 33-3-9 (2025)
canonical_url: https://georgiacommons.org/code/33-3-9
md_url: https://georgiacommons.org/code/33-3-9.md
text_url: https://georgiacommons.org/code/33-3-9/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=113
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/33-3.md
previous: https://georgiacommons.org/code/33-3-8.md
next: https://georgiacommons.org/code/33-3-10.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 / AUTHORIZATION AND GENERAL REQUIREMENTS FOR TRANSACTION OF INSURANCE
---

# O.C.G.A. § 33-3-9. Requirement of additional deposits of securities by foreign and alien insurers.

In those instances in which the Commissioner in his or her judgment shall deem it to be in the best interests of the citizens of this state, no certificate of authority shall be issued by the Commissioner to any foreign and alien insurer nor shall any certificate of authority be renewed for any such insurer unless such insurer shall deposit with the Commissioner securities eligible for the investment of capital funds in such amount as the Commissioner shall require. This deposit and the deposit required by paragraph (1) of subsection (b) of Code Section 33-3-8 shall be administered as provided for in Chapter 12 of this title. Deposits under this Code section shall be held for the protection of the insurer’s policyholders in this state and others in this state entitled to the proceeds of its policies.

## History

Code 1933, § 56-310, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1967, p. 765, § 1; Ga. L. 1972, p. 1015, § 14; Ga. L. 2016, p. 519, § 1/HB 884; Ga. L. 2019, p. 337, § 1-17/SB 132.

The 2019 amendment, effective July 1, 2019, substituted ‘‘In those instances’’ for ‘‘On and after July 1, 1967, in those instances’’ at the beginning of this Code section.

## Cross References

Administration of deposits, T. 33, C. 12.

## 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).