O.C.G.A.

O.C.G.A. § 33-17-23 (2019)

Limitation period for assessments

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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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 or her policy is in force or within one year after its termination, he or she is notified by either the attorney or the Commissioner of his or her 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 or her policy is in force or within one year after its termination.

History

Code 1933, § 56-2124, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2019, p. 337, § 1-83/SB 132. The 2019 amendment, effective July 1, 2019, inserted ‘‘or her’’ in two places in

paragraph (1) and in paragraph (2), and inserted ‘‘or she’’ in paragraph (1).

Annotations

Law reviews. - For article, ‘‘Statutes of Limitation: Counterproductive Complexities,’’ see 37 Mercer L. Rev. 1 (1985).