Georgia § 33-16-8 Contents of bylaws generally; amendment of bylaws; provision for exclusion of members

Georgia Statutes

§ 33-16-8 — Contents of bylaws generally; amendment of bylaws; provision for exclusion of members

Georgia § 33-16-8

Title33

This text of Georgia § 33-16-8 (Contents of bylaws generally; amendment of bylaws; provision for exclusion of members) 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. § 33-16-8 (2026).

Text

(a)The bylaws shall state the time and manner of the levy and payment of all premiums or assessments for all insurance written by the company.

(b)The bylaws shall also fix the liability of the policyholders for all losses accrued while the policies are in force, in addition to the regular premium or assessment of the policyholders, and the time and manner of payment of such liability.

(c)The bylaws may be amended and any such amendment shall be filed with the Commissioner at least 30 days prior to its adoption.

(d)The bylaws may contain provisions for the exclusion of any member of the company who refuses or neglects to pay his or her assessment or for any other reasons satisfactory to the directors to be excluded from the insurer.

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(a) The bylaws shall state the time and manner of the levy and payment of all premiums or assessments for all insurance written by the company. (b) The bylaws shall also fix the liability of the policyholders for all losses accrued while the policies are in force, in addition to the regular premium or assessment of the policyholders, and the time and manner of payment of such liability. (c) The bylaws may be amended and any such amendment shall be filed with the Commissioner at least 30 days prior to its adoption. (d) The bylaws may contain provisions for the exclusion of any member of the company who refuses or neglects to pay his or her assessment or for any other reasons satisfactory to the directors to be excluded from the insurer.