---
title: O.C.G.A. § 33-37-8. Prohibition against release from proceedings or continuing business.
collection: code
id: 33-37-8
cite_as: O.C.G.A. § 33-37-8 (2025)
canonical_url: https://georgiacommons.org/code/33-37-8
md_url: https://georgiacommons.org/code/33-37-8.md
text_url: https://georgiacommons.org/code/33-37-8/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=729
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/33-37-7.md
next: https://georgiacommons.org/code/33-37-8.1.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 / GENERAL PROVISIONS
---

# O.C.G.A. § 33-37-8. Prohibition against release from proceedings or continuing business.

No insurer that is subject to any delinquency proceedings, whether formal or informal, administrative or judicial, shall:

(1) Be released from such proceeding, unless such proceeding is converted into a judicial rehabilitation or liquidation proceeding;

(2) Be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority;

(3) Be returned to the control of its shareholders or private management; or

(4) Have any of its assets returned to the control of its shareholders or private management

until all payments of or on account of the insurer’s contractual obligations by all guaranty associations, along with all expenses thereof and interest on all such payments and expenses, shall have been repaid to the guaranty associations or a plan of repayment by the insurer shall have been approved by the guaranty association.

## History

Code 1981, § 33-37-8, enacted by Ga. L. 1991, p. 1424, § 7.