2014 Georgia Code
Title 33 - INSURANCE
Chapter 33 - FAIR ACCESS TO INSURANCE REQUIREMENTS
§ 33-33-3 - Requirement of participation in plan by property insurers

GA Code § 33-33-3 (2014) What's This?

(a) Each insurer authorized to write and writing property insurance in this state shall be required to become and remain a member of the plan and the underwriting association and to comply with the requirements of the plan and the underwriting association as a condition of its authority to transact property insurance business.

(b) Each insurer shall participate in the writings, expenses, profits, and losses of the association in the following manner:

(1) For habitational risks, the same proportion as its habitational premiums written bear to the aggregate habitational premiums written by all insurers in the program; and

(2) For commercial risks, the same proportion as its commercial premiums written bear to the aggregate commercial premiums written by all insurers in the program.

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