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

O.C.G.A. § 33-10-3 (2019)

Deduction of assets from liabilities and liabilities from assets generally

✓ 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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Assets may be allowable as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets, in accordance with the form of annual statement applicable to such insurer as directed by the Commissioner or otherwise in his or her discretion.

History

Code 1933, § 56-902, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2019, p. 337, § 1-57/SB 132. The 2019 amendment, effective July

1, 2019, substituted ‘‘as directed’’ for ‘‘as prescribed’’ and inserted ‘‘or her’’ near the end of this Code section.

Annotations

The 2019 amendment, effective July 1, 2019, substituted "as directed" for "as prescribed" and inserted "or her" near the end of this Code section.