Georgia Code, Title 33, Chapter 12 - Administration of Deposits

• § 33-12-1 - Persons With Whom Required Deposit to Be Made; Acceptance and Holding in Trust of Deposits Generally
  (a) Deposits required or permitted by law to be made by domestic life insurers and all other insurers shall be made with the Commissioner...
• § 33-12-2 - Purposes for Which Deposits to Be Held
  Deposits shall be held as follows: (1) When the deposit is required for authority to transact insurance in this state, the deposit shall be...
• § 33-12-3 - Assets Deemed Eligible for Deposit
  (a) All deposits required for authority to transact insurance in this state shall consist of any combination of the securities eligible for the investment...
• § 33-12-4 - Designation of State Depositories; Responsibility for Safekeeping of Deposits; Acceptance of Book-Entry Securities As Securities
  (a) The Commissioner may designate any regularly constituted state depository having trust powers domiciled in this state as a depository to receive and hold...
• § 33-12-5 - Rights of Insurers As to Recovery, Exchange, and Inspection of Deposits Generally
  So long as the insurer remains solvent and complies with this title it may: (1) Demand, receive, institute an action for, and recover the...
• § 33-12-6 - Deposit of Securities in Amounts Exceeding Required or Permitted Deposit
  An insurer may deposit eligible securities in an amount exceeding its deposit required or otherwise permitted under this title by not more than $100,000.00...
• § 33-12-7 - Procedure Upon Occurrence of Deficiencies in Deposits of Insurers Generally
  If for any reason the market value of assets and securities of an insurer held on deposit in this state under this title falls...
• § 33-12-8 - Release of Deposits Generally
  Any deposit made in this state under this title shall be released: (1) To the insurer upon extinguishment by reinsurance or otherwise of all...
• § 33-12-9 - Requirement of Application and Order for Release of Deposits; Liability of Commissioner for Release
  No release of deposited funds shall be made except upon application to and the written order of the Commissioner. The Commissioner shall have no...
• § 33-12-10 - Levy Upon Deposits by Claimants
  No judgment creditor or other claimant of an insurer shall levy upon any deposit held pursuant to this title or upon any part of...
• § 33-12-11 - Retention of Amount to Pay Judgment in Event of Occurrence of Loss by Insured; Application for Appointment of Receiver
  Whenever any loss insured against shall occur, the insured or other person entitled to the proceeds of the policy, by judgment or otherwise, in...
• § 33-12-12 - Proceedings Upon Appointment of Receiver Generally
  The Commissioner in his capacity as receiver shall apply to the judge of the superior court for an order of sale and in pursuance...
• § 33-12-13 - Proceedings Upon Appointment of Receivers for Satisfaction of Multiple Claims
  If receiverships are ordered for the purpose of holding securities for the future satisfaction of more than one claim, the Commissioner shall retain securities...
• § 33-12-14 - Proceeding by Commissioner Upon Reduction in Amount of Deposit Resulting From Occurrence or Loss by Insured; Effect of Failure to Deposit Additional Securities
  Whenever, by means of Code Sections 33-12-11 through 33-12-13, the amount of securities so deposited shall be reduced, the Commissioner shall give notice to...
• § 33-12-15 - Limitation Period for Settlement or Renewal of Claims Against Deposits of Insurers; Procedure Upon Settlement of Claims
  Whenever a notice of claim is filed with the Commissioner as provided by law against the deposit of any insurance company doing business in...
• § 33-12-16 - Effect of Order of General Receivership
  Whenever a general receivership under Chapter 37 of this title is ordered by a court of this state, it shall supersede receiverships created under...
• § 33-12-17 - Withdrawal of Deposit
  When any depositing company shall desire to withdraw any deposit made with the Commissioner as provided by Code Section 33-12-1, and the Commissioner shall...

Last modified: October 14, 2016