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.)