O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-41-20.1 (2019)

Membership of captive insurance companies in Georgia Insurers Insolvency Pool

✓ 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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(a) Every association and industrial insured captive insurance company issuing workers’ compensation insurance contracts shall become a member of the Georgia Insurers Insolvency Pool under Chapter 36 of this title as to workers’ compensation only. Such captive insurance companies shall be liable for assessments pursuant to Code Section 33-36-7 and for all other obligations imposed pursuant to Chapter 36 of this title as to workers’ compensation only.

(b) Except as provided for in Code Section 33-36-20, the Georgia Insurers Insolvency Pool shall not be liable for any claims incurred by any captive insurance company before January 1, 2008.

History

Code 1981, § 33-41-20.1, enacted by Ga. L. 2007, p. 236, § 2/HB 408; Ga. L. 2010, p. 1085, § 4/HB 1364; Ga. L. 2016, p. 825, § 1/SB 347; Ga. L. 2019, p. 533, § 1-2/HB 99.

The 2019 amendment, effective July 1, 2019, substituted ‘‘Every’’ for ‘‘On and after January 1, 2008, every’’ at the beginning of subsection (a).

Annotations

The 2019 amendment, effective July 1, 2019, substituted "Every" for "On and after January 1, 2008, every" at the beginning of subsection (a).

Editor's notes. - Ga. L. 2016, p. 825, § 1/SB 347, effective July 1, 2016, reenacted this Code section without change.