---
title: O.C.G.A. § 33-37-31. Liability of reinsurers.
collection: code
id: 33-37-31
cite_as: O.C.G.A. § 33-37-31 (2025)
canonical_url: https://georgiacommons.org/code/33-37-31
md_url: https://georgiacommons.org/code/33-37-31.md
text_url: https://georgiacommons.org/code/33-37-31/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=762
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/33-37.md
previous: https://georgiacommons.org/code/33-37-30.md
next: https://georgiacommons.org/code/33-37-31.1.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 / INSURERS REHABILITATION AND LIQUIDATION / PROCEDURE FOR REHABILITATION
---

# O.C.G.A. § 33-37-31. Liability of reinsurers.

The amount recoverable by the liquidator from reinsurers shall not be reduced as a result of the delinquency proceedings regardless of any provision in the reinsurance contract or other agreement. The reinsurance shall be payable under a contract or contracts reinsured by the assuming insurer on the basis of reported claims allowed by the liquidation court, without diminution because of the insolvency of the ceding insurer. Such payments shall be made directly to the ceding insurer or to its domiciliary liquidator except:

(1) Where the contract or other written agreement specifically provides for another payee of such reinsurance in the event of the insolvency of the ceding insurer; or

(2) Where the assuming insurer, with the consent of the direct insured or insureds, has assumed such policy obligations of the ceding insurer as direct obligations of the assuming insurer to the payees under such policies and in substitution for the obligation of the ceding insurer to such payees.

## History

Code 1981, § 33-37-31, enacted by Ga. L. 1991, p. 1424, § 7; Ga. L. 2001, p. 872, § 1.