Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 37. INSURERS REHABILITATION AND LIQUIDATION · Article 3. PROCEDURE FOR REHABILITATION

33-37-24. Time for filing list of assets; reducing assets to liquidity.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
As soon as practicable after the liquidation order but not later than 120 days thereafter, the liquidator shall prepare in duplicate a list of the insurer’s assets. The list shall be amended or supplemented from time to time as the liquidator may determine. One copy shall be filed in the office of the clerk of the superior court and one copy shall be retained for the liquidator’s files. All amendments and supplements shall be similarly filed.#
(b)
The liquidator shall reduce the assets to a degree of liquidity that is consistent with the effective execution of the liquidation.#
(c)
A submission to the court for disbursement of assets in accordance with Code Section 33-37-33 fulfills the requirements of subsection (a) of this Code section.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 33-37-24, enacted by Ga. L. 1991, p. 1424, § 7.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch23-65-(v25)-2020-pdf.pdf, Volume V25, 2020 edition, page 753; merge action: carried; file SHA-256 1cdfeaa4b73e.