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2018 Georgia Code 33-14-73 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 33-14-73 Case Law from Google Scholar Amendments to OCGA 33-14-73

TITLE 33 INSURANCE

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

ARTICLE 3 DOMESTIC MUTUAL INSURERS

33-14-73. Dividends payable only out of net realized savings and earnings.

  1. The directors of a domestic mutual insurer may from time to time apportion and pay or credit to its members dividends only out of that part of its surplus funds which represent net realized savings and net realized earnings from its business.
  2. A dividend otherwise proper may be payable out of the savings and earnings even though the insurer's total surplus is then less than the aggregate of its contributed surplus.

(Code 1933, § 56-1524, enacted by Ga. L. 1960, p. 289, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 43 Am. Jur. 2d, Insurance, § 79 et seq.

C.J.S.

- 44 C.J.S., Insurance, §§ 170, 181.

ALR.

- Apportionment of divisible surplus of insurance company between different policies, 108 A.L.R. 1212.

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