---
title: O.C.G.A. § 33-37-42. Authority of liquidator to compound, compromise, or negotiate claims; report to court.
collection: code
id: 33-37-42
cite_as: O.C.G.A. § 33-37-42 (2025)
canonical_url: https://georgiacommons.org/code/33-37-42
md_url: https://georgiacommons.org/code/33-37-42.md
text_url: https://georgiacommons.org/code/33-37-42/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=772
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 / INSURERS REHABILITATION AND LIQUIDATION / PROCEDURE FOR REHABILITATION
---

# O.C.G.A. § 33-37-42. Authority of liquidator to compound, compromise, or negotiate claims; report to court.

(a) The liquidator shall review all claims duly filed in the liquidation and shall make such further investigation as he shall deem necessary. He may compound, compromise, or in any other manner negotiate the amount for which claims will be recommended to the court except where the liquidator is required by law to accept claims as settled by any person or organization, including any guaranty association or foreign guaranty association. Unresolved disputes shall be determined under Code Section 33-37-38. As soon as practicable, he shall present to the court a report of the claims against the insurer with his recommendations. The report shall include the name and address of each claimant and the amount of the claim finally recommended, if any. If the insurer has issued annuities or life insurance policies, the liquidator shall report the persons to whom, according to the records of the insurer, amounts are owed as cash surrender values or other investment value and the amounts owed.

(b) The court may approve, disapprove, or modify the report on claims by the liquidator. Such reports as are not modified by the court within a period of 60 days following submission by the liquidator shall be treated by the liquidator as allowed claims subject thereafter to later modification or to rulings made by the court pursuant to Code Section 33-37-38. No claim under a policy of insurance shall be allowed for an amount in excess of the applicable policy limits.

## History

Code 1981, § 33-37-42, enacted by Ga. L. 1991, p. 1424, § 7.