Georgia Statutes
§ 33-14-21 — Limitation on organizational expenses
Georgia·Title 33
The total expenses of organization of any insurer organized under this chapter including commissions for the sale of stock shall not exceed 12 1/2 percent of the amount for which the stock is sold in the case of a stock insurer and 12 1/2 percent of the paid-in surplus in the case of a mutual insurer.
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