One Click Case Law for § 33-52-5
O.C.G.A. § 33-52-4 <-- --> O.C.G.A. §33-52-6

2010 Georgia Code

TITLE 33 - INSURANCE

CHAPTER 52 - ASSUMPTION REINSURANCE AGREEMENTS
§ 33-52-5 - Novation of insurance contract

O.C.G.A. 33-52-5 (2010)
33-52-5. Novation of insurance contract


If a transfer takes place pursuant to Code Section 33-52-4, there shall be a novation of the contract of insurance subject to the assumption reinsurance agreement with the result that the transferring insurer shall thereby be relieved of all insurance obligations or risks transferred under the assumption reinsurance agreement and the assuming insurer shall become directly and solely liable to the policyholder for those insurance obligations or risks.