O.C.G.A.

O.C.G.A. § 33-11-89 (2019)

Standards not applicable; reporting

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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Transactions between an investment pool and its participants shall not be subject to the provisions of Code Section 33-13-5. Investment activities of an investment pool and transactions between such pools and pool participants shall be reported annually in the registration statement required by Code Section 33-13-4.

History

Code 1981, § 33-11A-10, enacted by Ga. L. 1997, p. 1042, § 1; Code

1981, § 33-11-89, as redesignated by Ga. L. 1999, p. 592, § 15.

CHAPTER 11A INVESTMENT POOLS [REDESIGNATED] Sec. 33-11A-1 through 33-11A-10. Redesignated.

33-11A-1 through 33-11A-10.

Annotations

Editor's notes. - Ga. L. 1999, p. 592, § 15, effective January 1, 2000, redesignated the former provisions of this chapter, relating to investment pools and which became effective April 22, 1997, as Article 3 of Chapter 11 and redesignated Code Sections 33-11A-1 through 33-11A-10 as Code Sections 33-11-80 through 33-11-89, respectively.

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CHAPTER 12 ADMINISTRATION OF DEPOSITS

Sec.

33-12-1. Persons with whom required deposit to be made; acceptance and holding in trust of deposits generally.

33-12-2. Purposes for which deposits to be held.

33-12-3. Assets deemed eligible for deposit.

33-12-4. Designation of state depositories; responsibility for safekeeping of deposits; acceptance of book-entry securities as securities.

33-12-5. Rights of insurers as to recovery, exchange, and inspection of deposits generally.

33-12-6. Deposit of securities in amounts exceeding required or permitted deposit.

33-12-7. Procedure upon occurrence of deficiencies in deposits of insurers generally.

33-12-8. Release of deposits generally.

33-12-9. Requirement of application and order for release of deposits; liability of Commissioner for release.

33-12-10. Levy upon deposits by claimants.

33-12-11. Retention of amount to pay judgment in event of occurrence of loss by insured; application for appointment of receiver.

33-12-12. Proceedings upon appointment of receiver generally.

33-12-13. Proceedings upon appointment of receivers for satisfaction of multiple claims.

33-12-14. Proceeding by Commissioner upon reduction in amount of deposit resulting from occurrence or loss by insured; effect of failure to deposit additional securities.

33-12-15. Limitation period for settlement or renewal of claims against deposits of insurers; procedure upon settlement of claims.

33-12-16. Effect of order of general receivership.

33-12-17. Withdrawal of deposit.

Cross references. - Requirement of deposits, §§ 33-3-8 et seq., 33-3-25.

Administrative Rules and Regulations. - Authorization and General Requirements for Doing Business, Official Compilation of the Rules and Regulations of the State of Georgia, Rules of Comptroller General Office of Commissioner of Insurance, Chapter 120-2-18.

JUDICIAL DECISIONS

Chapter part of general scheme to protect Georgia citizens. - Former statute as to the depositing of bonds and retaining them so long as there is a pending claim in the state (see now this chapter and §§ 33-3-8 to 33-3-10), and the former statute providing for the prosecution of pending suits after the dissolution of a foreign corporation (see now T. 14, C. 2), are a part of the general scheme of the Georgia law to protect Georgia citizens in the collection of just claims against foreign corporations which are dissolved and which have their principal assets in another state. Manufacturing Lumbermen's Underwriters v. South Ga. Ry., 57 Ga. App. 699, 196 S.E. 244 (1938) (decided under former Code 1933 §§ 22-1210 and 56-301 et seq.)

Cited in Preferred Ins. Co. v. Bentley, 223 Ga. 735, 157 S.E.2d 737 (1967).

RESEARCH REFERENCES

ALR. - Allocation, as between special fund created pursuant to statute for benefit of certain class of creditors and general assets of insolvent, of payment on claim having priority as to both the special fund and general assets, 106 A.L.R. 713.