One Click Case Law for § 33-3-7
O.C.G.A. § 33-3-7-1 <-- --> O.C.G.A. §33-3-8

2010 Georgia Code

TITLE 33 - INSURANCE

CHAPTER 3 - AUTHORIZATION AND GENERAL REQUIREMENTS FOR TRANSACTION OF INSURANCE
§ 33-3-7 - Requirement of surplus for new insurers

O.C.G.A. 33-3-7 (2010)
33-3-7. Requirement of surplus for new insurers


In addition to the minimum paid-in capital or minimum surplus of insurers required by this title, an insurer shall possess when first authorized in this state and thereafter maintain surplus or additional surplus equal to the larger of $1.5 million if a stock, mutual, or reciprocal insurer or 50 percent of its paid-in capital stock if a stock insurer or of its surplus if a mutual or reciprocal insurer otherwise required under Code Section 33-3-6 for the kinds of insurance to be transacted.