TITLE 33 INSURANCE

Section 17. Reciprocal Insurers, 33-17-1 through 33-17-31.

ARTICLE 7 MISCELLANEOUS PROVISIONS

33-17-17. Advancement of sums to insurer by attorney or other parties; withdrawal or repayment of advances.

The attorney or other parties may advance to a domestic reciprocal insurer upon reasonable terms any funds as it may require from time to time in its operations. Sums so advanced shall not be treated as a liability of the insurer and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus. No withdrawal or repayment shall be made without the advance approval of the Commissioner.

(Code 1933, § 56-2116, enacted by Ga. L. 1960, p. 289, § 1.)