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

O.C.G.A. § 33-5-30 (2019)

Validity and enforceability of contracts procured as surplus line insurance

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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Insurance contracts procured as surplus line coverage from unauthorized insurers in accordance with this chapter shall be fully valid and enforceable as to all parties and shall be given recognition in all matters and respects to the same effect as like contracts issued by authorized insurers.

History

Code 1933, § 56-617, enacted by Ga. L. 1960, p. 289, § 1.

Annotations

OPINIONS OF THE ATTORNEY GENERAL Surplus line insurance unacceptable as used car dealer licensure. - Although O.C.G.A. § 33-5-30 gives validity to surplus line insurance, it does not transform an unauthorized insurer into

an authorized insurer by rendering surplus line insurance acceptable for licensure as a used car dealer. 1994 Op. Att’y Gen. No. 94-5.

Notes of Decisions
Cited in 1 case, 2007–2007 · leading case: Kay-Lex Co. v. Essex Ins., 649 S.E.2d 602 (Ga. Ct. App. 2007).
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Kay-Lex Co. v. Essex Ins., 649 S.E.2d 602 (Ga. Ct. App. 2007). · cites it 2× “” OCGA § 33-5-30. We find that these Code sections and the remainder of Article 2 of Chapter 5 of Title 33 make clear that even without a certificate of authority from the Secretary of State, those who provide surplus line insurance in Georgia may maintain a proceeding in this…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.