Código Oficial de Georgia Anotado

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

33-37-29. Mutual debts and credits.

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.

(a)
In all cases of mutual debts or mutual credits between the insurer and another person in connection with any action or proceeding under this chapter, such credits and debts shall be set off and the balance only shall be allowed or paid, except as provided in subsection (b) of this Code section.#
(b)
No setoff shall be allowed in favor of any person where:#
1. (1)
  The obligation of the insurer to the person would not, at the date of the entry of any liquidation order or otherwise, as provided in Code Section 33-37-17, entitle him to share as a claimant in the assets of the insurer;#
2. (2)
  The obligation of the insurer to the person was purchased by or transferred to the person with a view of its being used as a setoff; or#
3. (3)
  The obligation of the person is to pay an assessment levied against the members of a mutual insurer or against the subscribers of a reciprocal insurer or is to pay a balance upon the subscription to the capital stock of a stock insurer.#

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.

Code 1981, § 33-37-29, enacted by Ga. L. 1991, p. 1424, § 7.

Pursuant to Code Section 28-9-5, in 1991, ‘‘set off’’ was substituted for ‘‘setoff’’ in subsection (a).

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, página 761; acción de fusión: carried; SHA-256 del archivo 1cdfeaa4b73e.