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Georgia Commons

Código Oficial de Georgia Anotado

Título 33. INSURANCE · Capítulo 37. INSURERS REHABILITATION AND LIQUIDATION · Artículo 3. PROCEDURE FOR REHABILITATION

33-37-18. Termination of policy coverage.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    All policies, including bonds and other noncancelable business, other than life or accident and sickness insurance or annuities, in effect at the time of issuance of an order of liquidation shall continue in force only for the lesser of:#

    1. (1)

      A period of 30 days from the date of entry of the liquidation orders;#

    2. (2)

      The expiration of the policy coverage;#

    3. (3)

      The date when the insured has replaced the insurance coverage with equivalent insurance in another insurer or otherwise terminated the policy;#

    4. (4)

      The date on which the liquidator effects a transfer of the policy obligation pursuant to paragraph (9) or (10) of subsection (a) of Code Section 33-37-20; or#

    5. (5)

      The date proposed by the liquidator and approved by the court to cancel coverage.#

  2. (b)

    An order of liquidation under Code Section 33-37-17 shall terminate coverages at the time specified in subsection (a) of this Code section for purposes of any other statute.#

  3. (c)

    Policies of life or accident and sickness insurance or annuities shall continue in force for such period and under such terms as is provided for by any applicable guaranty association or foreign guaranty association.#

  4. (d)

    Policies of life or accident and sickness insurance or annuities or any period or coverage of such policies not covered by a guaranty association or foreign guaranty association shall terminate under subsections (a) and (b) of this Code section.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 33-37-18, enacted by Ga. L. 1991, p. 1424, § 7; Ga. L. 2019, p. 386, § 136/SB 133. The 2019 amendment, effective July 1, 2019, inserted ‘‘or (10)’’ in paragraph (a)(4).

Code Commission notes

Pursuant to Code Section 28-9-5, in 1991, ‘‘of’’ was substituted for ‘‘or’’ near the beginning of subsection (b).

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t33-ch23-65-(v25)-2020-pdf.pdf, Volumen V25, edición 2020, páginas 743 a 744; acción de fusión: carried; SHA-256 del archivo 1cdfeaa4b73e.