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Georgia Commons

Código Oficial de Georgia Anotado

Título 33. INSURANCE · Capítulo 37. INSURERS REHABILITATION AND LIQUIDATION · Artículo 1. GENERAL PROVISIONS

33-37-8. Prohibition against release from proceedings or continuing business.

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

  2. (1)

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

  3. (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;#

  4. (3)

    Be returned to the control of its shareholders or private management; or#

  5. (4)

    Have any of its assets returned to the control of its shareholders or private management#

  6. 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.

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

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 729; acción de fusión: carried; SHA-256 del archivo 1cdfeaa4b73e.