Georgia Code, Title 33, Chapter 16 - Farmers' Mutual Fire Insurance Companies

• § 33-16-1 - Scope of Chapter
  This chapter applies only to domestic farmers' mutual fire insurance companies.
• § 33-16-2 - "Domestic Farmers' Mutual Fire Insurance Companies" Defined; Risks Against Which Companies May Write Insurance
  (a) "Domestic farmers' mutual fire insurance companies" are companies organized for the purpose of insuring property against loss or damage by fire, lightning, windstorm,...
• § 33-16-3 - Procedure for Incorporation of Companies Generally; Filing and Contents of Application for Charter; Granting of Charter by Secretary of State
  (a) Twenty or more persons a majority of whom are citizens of this state may become a body corporate for the purpose of transacting...
• § 33-16-4 - Issuance of Certificate of Authority; Qualifications; Proposed Changes to Plan of Operation
  (a) No person shall transact or attempt to transact business as a farmers' mutual fire insurance company unless so authorized by a currently effective...
• § 33-16-5 - Annual License Fee
  Farmers' mutual fire insurance companies shall pay no annual fees or charges other than an annual license fee as provided in Code Section 33-8-1.
• § 33-16-6 - Board of Directors Generally
  In companies organized under this chapter, the number of directors shall be not less than three. A majority of the board of directors shall...
• § 33-16-7 - Power of Board to Borrow Money and Pledge Assets of Company
  The board of directors of a farmers' mutual fire insurance company may, at any time, borrow such sum or sums of money as they...
• § 33-16-8 - Contents of Bylaws Generally; Amendment of Bylaws; Provision for Exclusion of Members
  (a) The bylaws shall state the time and manner of the levy and payment of all premiums or assessments for all insurance written by...
• § 33-16-9 - Inclusion of Bylaws in Insurance Policy; Inclusion in Policy of Statement of Contingent Liability of Members
  The portion of the bylaws which affects the insuring agreement shall be contained in the policy. Each policy issued by the insurer shall contain...
• § 33-16-10 - Inclusion in Policy of Provision Against Waiver of Bylaws
  The companies may provide in the policy that officers and agents elected by them do not have the power to waive any provision of...
• § 33-16-11 - Holding of Annual and Special Meetings of Members; Notice of Meetings
  An annual meeting of such company shall be held at such a time as is fixed in the bylaws of the company. Special meetings...
• § 33-16-12 - Voting by Policyholders At Meetings
  Each policyholder in a farmers' mutual fire insurance company shall be entitled to only one vote in all policyholders' meetings. No voting by proxy...
• § 33-16-13 - Amount of Minimum Surplus Required
  (a) The amount of minimum surplus required for each farmers' mutual fire insurance company shall be determined on an individual basis; however, no farmers'...
• § 33-16-14 - Limitations on Amounts of Risks
  (a) The maximum amount of insurance that a farmers' mutual fire insurance company may retain on any subject or subjects of insurance reasonably exposed...
• § 33-16-15 - Reinsurance
  A farmers' mutual fire insurance company shall not accept reinsurance of the risk of any other insurer.
• § 33-16-16 - Liability of Members for Losses and Expenses of Companies
  No member of such insurer shall be liable to assessment to pay losses and expenses accruing prior to the time his policy became effective...
• § 33-16-17 - Actions by or Against Companies
  Companies organized under this chapter may bring and defend actions in the name under which they are doing business.
• § 33-16-18 - Filing of Annual Statement With Commissioner
  Every farmers' mutual fire insurance company shall, on or before March 1 of each year, make and file with the Commissioner an annual statement...
• § 33-16-19 - Examination of Companies by Commissioner; Payment of Costs of Examinations
  The Commissioner shall at least once in five years, or as often as he or she deems necessary, examine farmers' mutual fire insurance companies....
• § 33-16-20 - Exemption From Taxes, Costs, and Fees
  Any company organized under this chapter shall be exempt from all taxes, costs, and fees, including those listed in Chapter 8 of this title,...
• § 33-16-21 - Applicability of Other Provisions of Title to Companies
  In addition to this chapter, farmers' mutual fire insurance companies shall be subject to the following chapters of this title to the extent so...
• § 33-16-22 - Conversion of Companies Into Mutual Insurance Companies
  Any company organized under this chapter may be converted into a mutual insurance company by complying with the applicable provisions of Chapter 14 of...

Last modified: October 14, 2016