Georgia § 33-10-11 Requirement of special reserve for certain bonds

Georgia Statutes

§ 33-10-11 — Requirement of special reserve for certain bonds

Georgia § 33-10-11

Title33

This text of Georgia § 33-10-11 (Requirement of special reserve for certain bonds) 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. § 33-10-11 (2026).

Text

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 then current financial statement of the insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

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 then current financial statement of the insurer.