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O.C.G.A. § 33-14-66 — Return of deposits or premiums upon failure of proposed insurer to complete organization and secure original certificate of authority | Georgia Code

O.C.G.A. § 33-14-66 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 33 INSURANCE

Section 14. Domestic Stock and Mutual Insurers, 33-14-1 through 33-14-109.

ARTICLE 3 DOMESTIC MUTUAL INSURERS

33-14-66. Return of deposits or premiums upon failure of proposed insurer to complete organization and secure original certificate of authority.

If the proposed domestic mutual insurer fails to complete its organization and to secure its original certificate of authority within two years from and after the date of its incorporation, the corporation shall be dissolved by the Commissioner and the Commissioner shall return or cause to be returned to the persons entitled thereto all advance deposits or payments of premiums held in trust under Code Section 33-14-65.

(Code 1933, § 56-1514, enacted by Ga. L. 1960, p. 289, § 1.)

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This Georgia Code resource is curated by a Florida and Georgia attorney, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. Attorney Syfert regularly works with Title 33 in the context of Georgia insurance coverage law and represents clients throughout Northeast Florida and South Georgia. For legal consultation, call 904-383-7448.