O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-10-12 (2019)

Requirement by Commissioner of increase in loss reserves

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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If the loss experience shows that an insurer’s loss reserves, however estimated, are inadequate, the Commissioner shall require the insurer to maintain loss reserves of increased amounts as are needed to make them adequate. This Code section does not apply to life insurance.

History

Code 1933, § 56-910, enacted by Ga. L. 1960, p. 289, § 1.