---
title: O.C.G.A. § 33-52-5. Novation of insurance contract.
collection: code
id: 33-52-5
cite_as: O.C.G.A. § 33-52-5 (2025)
canonical_url: https://georgiacommons.org/code/33-52-5
md_url: https://georgiacommons.org/code/33-52-5.md
text_url: https://georgiacommons.org/code/33-52-5/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=985
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/33-52.md
previous: https://georgiacommons.org/code/33-52-4.md
next: https://georgiacommons.org/code/33-52-6.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 / ASSUMPTION REINSURANCE AGREEMENTS
---

# O.C.G.A. § 33-52-5. Novation of insurance contract.

If a transfer takes place pursuant to Code Section 33-52-4, there shall be a novation of the contract of insurance subject to the assumption reinsurance agreement with the result that the transferring insurer shall thereby be relieved of all insurance obligations or risks transferred under the assumption reinsurance agreement and the assuming insurer shall become directly and solely liable to the policyholder for those insurance obligations or risks.

## History

Code 1981, § 33-52-5, enacted by Ga. L. 1992, p. 1385, § 1.