2018 Georgia Code
Title 33 - Insurance
Chapter 16 - Farmers' Mutual Fire Insurance Companies
§ 33-16-14. Limitations on amounts of risks

Universal Citation: GA Code § 33-16-14 (2018)
  • (a) The maximum amount of insurance that a farmers' mutual fire insurance company may retain on any subject or subjects of insurance reasonably exposed to loss from the same fire shall not exceed 10 percent of its surplus.

  • (b) In determining the amount at risk and retained by the insurer, any valid and applicable reinsurance authorized shall be deducted from the gross amount of risk directly assumed by the insurer.

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