2019 Georgia Code
Title 20 - Education
Chapter 2 - Elementary and Secondary Education
Article 29 - Interlocal Risk Management Agency
§ 20-2-2018. Excess loss funding program; condition for certificate of authority

Universal Citation: GA Code § 20-2-2018 (2019)
  • (a) An interlocal risk management agency shall maintain at all times an excess loss funding program acceptable to the Commissioner. An excess loss funding program may consist of excess insurance, self-funding from unobligated surplus of a fund, any combination of such excess insurance or self-funding, or any other funding program acceptable to the Commissioner.

  • (b) The excess loss funding program of an agency shall be approved by the Commissioner as a condition to the issuance and maintenance of a certificate of authority of any agency which establishes a fund or funds authorized pursuant to this article. An agency may be permitted to purchase excess insurance:

    • (1) From insurers authorized to transact business in this state; or

    • (2) From approved surplus lines carriers.


Code 1981, § 20-2-2018, enacted by Ga. L. 1986, p. 1172, § 1; Ga. L. 1988, p. 1960, § 4.

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.