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Call Now: 904-383-7448For all accident and sickness insurance policies the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and which shall not be less in the aggregate than the reserve according to such method of calculation as the Commissioner may approve.
(Code 1933, § 56-908, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1980, p. 1108, § 3; Ga. L. 1985, p. 1087, § 2.)
- Definition of accident and sickness insurance, § 33-7-2.
- For note, "Misrepresentations and Nondisclosures in the Insurance Application," see 13 Ga. L. Rev. 876 (1979).
- 43 Am. Jur. 2d, Insurance, § 36.
- 44 C.J.S., Insurance, § 1783 et seq.
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