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2024 CODE OF GEORGIA
Title 33 - INSURANCE (§§ 33-1-1 — 33-66-8)
Chapter 37 - INSURERS REHABILITATION AND LIQUIDATION (§§ 33-37-1 — 33-37-58)
Article 3 - PROCEDURE FOR REHABILITATION (§§ 33-37-11 — 33-37-48)
- Section 33-37-11 - Petition for rehabilitation; grounds
- Section 33-37-12 - Order to rehabilitate; Commissioner to be appointed as rehabilitator; effect of order
- Section 33-37-13 - Authority of rehabilitator; additional remedies; rehabilitation plan
- Section 33-37-14 - Effect of rehabilitation order on pending litigation; standing of guaranty association to participate in rehabilitation
- Section 33-37-15 - Petition for order of liquidation; defense; payment of costs and expenses; order terminating rehabilitation
- Section 33-37-16 - Grounds for order of liquidation
- Section 33-37-17 - Commissioner appointed as liquidator; seizure and administration of assets; effect of filing order; petition for declaration of insolvency; financial reports; plan for continued performance pending appeal
- Section 33-37-18 - Termination of policy coverage
- Section 33-37-19 - Petition for dissolution of corporate existence
- Section 33-37-20 - Powers of liquidator
- Section 33-37-21 - Notice of liquidation
- Section 33-37-22 - Responsibility of agent to provide information; penalty for violation
- Section 33-37-23 - Stay of collateral proceedings against insurer; authority of liquidator to intervene in, and defend, out-of-state action
- Section 33-37-24 - Time for filing list of assets; reducing assets to liquidity
- Section 33-37-25 - Fraudulent transfers or obligations incurred; avoidance
- Section 33-37-26 - Transfer of property in good faith; recording copy of petition as notice of seizure of property
- Section 33-37-26.1 - Limitations on ability of receiver to void transfer of certain property in connection with federal home loan bank security agreement; transfer avoidance under certain circumstances
- Section 33-37-27 - Preferential transfers; liens; when transfer perfected; avoidance; transfer for new and contemporaneous consideration; payments to attorneys; personal liability of participants
- Section 33-37-28 - Disallowing preferred creditor's claims
- Section 33-37-29 - Mutual debts and credits
- Section 33-37-30 - Liquidator's report to court; assessment against members of insurer; procedure when assessment not paid
- Section 33-37-31 - Liability of reinsurers
- Section 33-37-31.1 - "Guaranty association" defined; assumption of obligations; reinsurance; mandatory negotiations between reinsurer and receiver; construction with other statutory provisions
- Section 33-37-32 - Premiums due during pendency of liquidation action; penalties for violation; notice; right to appeal
- Section 33-37-33 - Application for approval of proposal to disburse assets; notice
- Section 33-37-34 - Proof of claims; late filing
- Section 33-37-35 - Contents of proof of claim; effect of judgment or order within four months of, or after, filing petition for liquidation
- Section 33-37-36 - Third-party contingent claim; claims due in future; claims under employment contracts
- Section 33-37-37 - Third-party claim against insured
- Section 33-37-38 - Procedure when claim denied
- Section 33-37-39 - When third person subrogated to rights of creditor
- Section 33-37-40 - Determining value of security held by secured creditor
- Section 33-37-41 - Priority of distribution of claims
- Section 33-37-42 - Authority of liquidator to compound, compromise, or negotiate claims; report to court
- Section 33-37-43 - Payment of distributions
- Section 33-37-44 - Disposition of unclaimed funds subject to distribution
- Section 33-37-45 - Liquidator's application for discharge
- Section 33-37-46 - Reopening liquidation proceedings
- Section 33-37-47 - Retention or destruction of records
- Section 33-37-48 - Receivership audits
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