Georgia § 33-12-8 Release of deposits generally

Georgia Statutes

§ 33-12-8 — Release of deposits generally

Georgia § 33-12-8

Title33

This text of Georgia § 33-12-8 (Release of deposits generally) 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. § 33-12-8 (2026).

Text

Any deposit made in this state under this title shall be released:

(1)To the insurer upon extinguishment by reinsurance or otherwise of all liability of the insurer for the security of which the deposit is held;

(2)To the insurer to the extent such deposit is in excess of the amount required; or (3) Upon proper order of a court of competent jurisdiction, to the receiver, conservator, rehabilitator, or liquidator of the insurer or to any other properly designated official or officials who succeed to the management and control of the insurer's assets.

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

Any deposit made in this state under this title shall be released: (1) To the insurer upon extinguishment by reinsurance or otherwise of all liability of the insurer for the security of which the deposit is held; (2) To the insurer to the extent such deposit is in excess of the amount required; or (3) Upon proper order of a court of competent jurisdiction, to the receiver, conservator, rehabilitator, or liquidator of the insurer or to any other properly designated official or officials who succeed to the management and control of the insurer's assets.