There is a newer version
of
this Section
2020 Georgia Code
Title 33 - Insurance
Chapter 12 - Administration of Deposits
§ 33-12-5. Rights of Insurers as to Recovery, Exchange, and Inspection of Deposits Generally
Universal Citation: GA Code § 33-12-5 (2020)
So long as the insurer remains solvent and complies with this title it may:
- Demand, receive, institute an action for, and recover the income from the securities deposited;
- Exchange and substitute for the deposited securities or any part thereof, with the approval of the Commissioner, eligible securities of equivalent or greater value; and
- Inspect at reasonable times any deposit.
(Ga. L. 1887, p. 113, § 5; Civil Code 1895, § 2043; Ga. L. 1905, p. 76, § 1; Ga. L. 1906, p. 107, §§ 4, 5; Civil Code 1910, §§ 2427, 2431, 2432; Code 1933, §§ 56-309, 56-310, 56-317; Code 1933, § 56-1105, enacted by Ga. L. 1960, p. 289, § 1.)
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.
