Georgia § 33-10-10 Title insurance, required reserves

Georgia Statutes

§ 33-10-10 — Title insurance, required reserves

Georgia § 33-10-10

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This text of Georgia § 33-10-10 (Title insurance, required reserves) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 33-10-10 (2026).

Text

In addition to an adequate reserve as to outstanding losses as required under Code Section 33-10-5 , a title insurer shall maintain a guaranty fund or unearned premium reserve of not less than an amount computed as follows:

(1)Ten percent of the total amount of the risk premiums written in the calendar year for title insurance contracts shall be assigned originally to the reserve; and (2) During each of the 20 years next following the year in which the title insurance contract was issued, the reserve applicable to the contract may be reduced by 5 percent of the original amount of the reserve.

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In addition to an adequate reserve as to outstanding losses as required under Code Section 33-10-5 , a title insurer shall maintain a guaranty fund or unearned premium reserve of not less than an amount computed as follows: (1) Ten percent of the total amount of the risk premiums written in the calendar year for title insurance contracts shall be assigned originally to the reserve; and (2) During each of the 20 years next following the year in which the title insurance contract was issued, the reserve applicable to the contract may be reduced by 5 percent of the original amount of the reserve.