Georgia § 33-12-6 Deposit of securities in amounts exceeding required or permitted deposit

Georgia Statutes

§ 33-12-6 — Deposit of securities in amounts exceeding required or permitted deposit

Georgia § 33-12-6

Title33

This text of Georgia § 33-12-6 (Deposit of securities in amounts exceeding required or permitted deposit) 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. § 33-12-6 (2026).

Text

An insurer may deposit eligible securities in an amount exceeding its deposit required or otherwise permitted under this title by not more than $100,000.00 for the purpose of absorbing fluctuations in the value of securities held in its deposit and to facilitate the exchange and substitution of securities deposited. During the solvency of the insurer any excess deposit or part thereof shall be released to the insurer upon its request, subject to Code Section 33-12-9 . During the insolvency of the insurer the excess deposit shall be released only as provided in Code Section 33-12-8 .

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An insurer may deposit eligible securities in an amount exceeding its deposit required or otherwise permitted under this title by not more than $100,000.00 for the purpose of absorbing fluctuations in the value of securities held in its deposit and to facilitate the exchange and substitution of securities deposited. During the solvency of the insurer any excess deposit or part thereof shall be released to the insurer upon its request, subject to Code Section 33-12-9 . During the insolvency of the insurer the excess deposit shall be released only as provided in Code Section 33-12-8 .