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O.C.G.A. § 33-44-6 — (For effective date, see note.) Net premiums; revision of schedule of benefits and cost containment features | Georgia Code
O.C.G.A. § 33-44-6 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 33 INSURANCE

Section 44. High Risk Health Insurance Plan, 33-44-1 through 33-44-10.

ARTICLE 4 LIQUIDATION PROCEEDINGS

33-44-6. (For effective date, see note.) Net premiums; revision of schedule of benefits and cost containment features.

  1. Following the close of each fiscal year, the plan administrator shall determine the net premiums, which shall be total premiums less administrative expense allowances, the plan expenses of administration, and the incurred losses for the year, taking into account investment income and other appropriate gains and losses, and shall report such information to the board of directors.
  2. The board of directors may revise the fixed schedule of benefits and cost containment features provided under the plan as necessary to ensure that the plan maintains adequate resources for continued operation.

(Code 1981, §33-44-6, enacted by Ga. L. 1989, p. 1701, § 1.)

Editor's notes.

- For information as to the effective date of this Code section, see the delayed effective date note at the beginning of this chapter.

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This Georgia Code resource is curated by this site's author, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. Attorney Syfert regularly works with Title 33 in the context of Georgia insurance coverage law and represents clients throughout Northeast Florida and South Georgia. For legal consultation, call 904-383-7448.