2006 Georgia Code - 33-50-7

33-50-7. (a) A plan shall establish loss reserves for all incurred losses, both reported and unreported, for expenses and for unearned premiums in a manner and amount established by the Commissioner by rule or regulation. (b) A plan also shall establish a surplus account equal to the greater of: (1) Three times the average paid monthly premium during the plan´s most recent fund year; (2) For plans which do not yet have one fund year´s experience, three times the estimated monthly premium; or (3) One hundred thousand dollars.

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