Georgia Statutes
§ 33-17-27 — Distribution of unused premiums, savings, credits, or profits to subscribers
Georgia·Title 33
A reciprocal insurer may from time to time return to its subscribers any unused premiums, savings, credits, or profits accruing to their accounts. Any such distribution shall not unfairly discriminate between classes of risks or policies or between subscribers, but the distribution may vary as to classes of subscribers based upon the experience of the subscribers. In no event shall there be any distribution whatsoever by a domestic reciprocal insurer while notes or advances to the minimum surplus required by Code Section 33-17-17 are outstanding, unless the Commissioner shall first approve the distribution.
Free access — add to your briefcase to read the full text and ask questions with AI
Georgia § 33-17-27 (Distribution of unused premiums, savings, credits, or profits to subscribers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 33-1-1
Short title§ 33-1-16-1
Excessive, fraudulent, or high-tech drug testing of certain individuals as fraudulent insurance act§ 33-1-17
Special Insurance Fraud Fund§ 33-1-2
Definitions§ 33-1-20
Health care sharing ministry