There is a newer version of the Georgia Code
2010 Georgia Code
TITLE 33 - INSURANCE
CHAPTER 14 - DOMESTIC STOCK AND MUTUAL INSURERS
ARTICLE 1 - GENERAL PROVISIONS
§ 33-14-16 - Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium
O.C.G.A. 33-14-16 (2010)33-14-16. Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium
(a) If so provided in its charter, a domestic stock or domestic mutual insurer may issue any or all of its policies with or without participation in profits, savings, or unabsorbed portions of premiums, may classify policies issued on a participating or nonparticipating basis, and may determine the right to participate and the extent of participation of any class or classes of policies. Any classification or determination shall be reasonable and shall not unfairly discriminate as between policyholders within the same classification.
(b) No dividend, otherwise earned, shall be made contingent upon the payment of a renewal premium on any policy.
Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
