Georgia § 33-17-17 Advancement of sums to insurer by attorney or other parties; withdrawal or repayment of advances

Georgia Statutes

§ 33-17-17 — Advancement of sums to insurer by attorney or other parties; withdrawal or repayment of advances

Georgia § 33-17-17

Title33

This text of Georgia § 33-17-17 (Advancement of sums to insurer by attorney or other parties; withdrawal or repayment of advances) 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. § 33-17-17 (2026).

Text

The attorney or other parties may advance to a domestic reciprocal insurer upon reasonable terms any funds as it may require from time to time in its operations. Sums so advanced shall not be treated as a liability of the insurer and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus. No withdrawal or repayment shall be made without the advance approval of the Commissioner.

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

The attorney or other parties may advance to a domestic reciprocal insurer upon reasonable terms any funds as it may require from time to time in its operations. Sums so advanced shall not be treated as a liability of the insurer and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus. No withdrawal or repayment shall be made without the advance approval of the Commissioner.