2010 Georgia Code 33-10-11 Case Law
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Graham W. Syfert, Esq.

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One Click Case Law for § 33-10-11
O.C.G.A. § 33-10-10 <-- --> O.C.G.A. §33-10-12



2010 Georgia Code

TITLE 33 - INSURANCE

CHAPTER 10 - ASSETS AND LIABILITIES
§ 33-10-11 - Requirement of special reserve for certain bonds

O.C.G.A. 33-10-11 (2010)
33-10-11. Requirement of special reserve for certain bonds


In lieu of the unearned premium reserve required on surety insurance under subsection (a) of Code Section 33-10-6, the Commissioner may require any surety insurer or limited surety insurer to set up and maintain a reserve on all bail bonds or other single premium bonds without definite expiration data, furnished in judicial proceedings, equal to 25 percent of the total consideration charged for any bonds as are outstanding as of the date of any current financial statement of the insurer.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com