TITLE 33 INSURANCE

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

ARTICLE 7 MISCELLANEOUS PROVISIONS

33-17-23. Limitation period for assessments.

Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for and shall pay his share of any assessment, as computed and limited in accordance with this chapter, if:

1. While his policy is in force or within one year after its termination, he is notified by either the attorney or the Commissioner of his intentions to levy the assessment; or
2. If an order to show cause why the receiver, conservator, rehabilitator, or liquidator of the insurer should not be appointed is issued while his policy is in force or within one year after its termination.

(Code 1933, § 56-2124, enacted by Ga. L. 1960, p. 289, § 1.)