2025 Code of Georgia
Title 33 - Insurance (Chs. 1 — 66)
Chapter 12 - Administration of Deposits (§§ 33-12-1 — 33-12-17)
Annotations
JUDICIAL DECISIONS
Editor’s notes.In light of the similarity of the statutory provisions, annotations decided under former Code 1933 §§ 22-1210 and 56-301 et seq. are included in the annotations for this Code section.
Chapter part of general scheme to protect Georgia citizens. —Former statute as to the depositing of bonds and retaining them so long as there is a pending claim in the state (see this chapter and §§ 33-3-8 to 33-3-10), and the former statute providing for the prosecution of pending suits after the dissolution of a foreign corporation (see T. 14, C. 2), are a part of the general scheme of the Georgia law to protect Georgia citizens in the collection of just claims against foreign corporations which are dissolved and which have their principal assets in another state. Manufacturing Lumbermen's Underwriters v. South Ga. Ry., 57 Ga. App. 699, 196 S. E. 244, 1938 Ga. App. LEXIS 368 (1938) (decided under former Code 1933 §§ 22-1210 and 56-301 et seq.).
Research References & Practice Aids
Cross references.Requirement of deposits, §§ 33-3-8 et seq., and 33-3-25.
Administrative rules and regulations.Business requirements, Official Compilation of the Rules and Regulations of the State of Georgia, Rules of Comptroller General, Commissioner of Insurance, Chapter 120-2-18.
RESEARCH REFERENCES ALR.Allocation, as between special fund created pursuant to statute for benefit of certain class of creditors and general assets of insolvent, of payment on claim having priority as to both the special fund and general assets, 106 A. L. R. 713.
Hierarchy Notes:O. C. G. A. Title 33
- § 33-12-1. Persons with whom required deposit to be made; acceptance and holding in trust of deposits generally
- § 33-12-2. Purposes for which deposits to be held
- § 33-12-3. Assets deemed eligible for deposit
- § 33-12-4. Designation of state depositories; responsibility for safekeeping of deposits; acceptance of book-entry securities as securities
- § 33-12-5. Rights of insurers as to recovery, exchange, and inspection of deposits generally
- § 33-12-6. Deposit of securities in amounts exceeding required or permitted deposit
- § 33-12-7. Procedure upon occurrence of deficiencies in deposits of insurers generally
- § 33-12-8. Release of deposits generally
- § 33-12-9. Requirement of application and order for release of deposits; liability of Commissioner for release
- § 33-12-10. Levy upon deposits by claimants
- § 33-12-11. Retention of amount to pay judgment in event of occurrence of loss by insured; application for appointment of receiver
- § 33-12-12. Proceedings upon appointment of receiver generally
- § 33-12-13. Proceedings upon appointment of receivers for satisfaction of multiple claims
- § 33-12-14. Proceeding by Commissioner upon reduction in amount of deposit resulting from occurrence or loss by insured; effect of failure to deposit additional securities
- § 33-12-15. Limitation period for settlement or renewal of claims against deposits of insurers; procedure upon settlement of claims
- § 33-12-16. Effect of order of general receivership
- § 33-12-17. Withdrawal of deposit
