O.C.G.A.

O.C.G.A. § 33-10-8 (2019)

Accident and sickness insurance, required 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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For 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.

History

Code 1933, § 56-908, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1980, p. 1108, § 3; Ga. L. 1985, p. 1087, § 2.

Annotations

Cross references. - Definition of accident and sickness insurance, § 33-7-2.

Law reviews. - For note, ‘‘Misrepresentations and Nondisclosures in the Insurance Application,’’ see 13 Ga. L. Rev. 876 (1979).

RESEARCH REFERENCES Am. Jur. 2d. - 43 Am. Jur. 2d, Insurance, § 36.

C.J.S. - 46A C.J.S., Insurance, § 1789 et seq.