Georgia Statutes

§ 33-14-62 — Authorization of transaction of additional kinds of insurance

Georgia·Title 33
A domestic mutual insurer formed after January 1, 1961, after being authorized to transact one kind of insurance shall be authorized by the Commissioner to transact such additional kinds of insurance as are permitted under Code Section 33-3-5 , while otherwise in compliance with this title and while maintaining unimpaired surplus funds in an amount not less than the amount of paid-in capital stock required of a domestic stock insurer transacting like kinds of insurance, subject further to the additional expendable surplus requirements of this title applicable to such a stock insurer.

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

Georgia § 33-14-62 (Authorization of transaction of additional kinds of insurance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗