reglab/housing_qa huggingface dataset:
GA Code § 33-12-17 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 12 - Administration of Deposits|§ 33-12-17. Withdrawal of Deposit

 When any depositing company shall desire to withdraw any deposit made with the Commissioner as provided by Code Section 33-12-1, and the Commissioner shall find that the deposit is no longer required, in whole or in part, in order to comply with the laws of this or any other state, he may to that extent release the deposit, and his certificate to that effect shall authorize the state to return the deposit so released to the depositing company. A certificate from the Commissioner or other official authorized to administer the insurance laws of any other state or states showing that the depositing company has fully satisfied or made provision for the full payment and satisfaction of all policy obligations in the other state or states or that such policy obligations in such other state or states have been otherwise adequately provided for shall be sufficient evidence that the deposit is no longer required by the laws of such other state or states; provided, however, that any notice of loss theretofore given in conformity with this law shall remain effective, and the Commissioner shall nevertheless retain securities in an amount sufficient to meet the requirements of Code Sections 33-12-11 and 33-12-12.   (Ga. L. 1896, p. 58, § 3; Civil Code 1910, § 2561; Ga. L. 1916, p. 129, § 1; Code 1933, §§ 56-1111, 56-1112; Code 1933, § 56-1117, enacted by Ga. L. 1960, p. 289, § 1.)
GA Code § 33-13A-1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-1. Short Title

 This chapter shall be known and may be cited as the "Mutual Insurance Holding Company Act."    (Code 1981, §33-13A-1, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-5 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-5. Incorporation of Reorganized Insurer

 A mutual insurance holding company resulting from the reorganization of a domestic mutual insurer and the reorganized stock insurer shall be incorporated and governed pursuant to Chapter 14 of this title and subject to Chapter 13 of this title. This requirement shall supersede any conflicting provisions of Chapter 2 of Title 14. The articles of incorporation and any amendments to such articles of the mutual insurance holding company shall be subject to approval of the Commissioner in the same manner as those of an insurer. An intermediate stock holding company shall be incorporated and governed pursuant to Chapter 2 of Title 14.    (Code 1981, §33-13A-5, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-6 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-6. Required Compliance; Treatment of Assets

 A mutual insurance holding company is deemed to be an insurer subject to this title and shall automatically be a party to any proceeding under this title involving an insurer that, as a result of a reorganization pursuant to Code Section 33-13A-3 or a merger pursuant to Code Section 33-13A-4, is a subsidiary of the mutual insurance holding company or one or more intermediate stock holding companies. In any proceeding involving the reorganized stock insurer, the assets of the mutual insurance holding company are deemed to be assets of the estate of the reorganized stock insurer for purposes of satisfying the claims of the reorganized stock insurer's policyholders. A mutual insurance holding company shall not be dissolved or liquidated without the prior approval of the Commissioner.    (Code 1981, §33-13A-6, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-7 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-7. Application of Other Statutory Provisions

  Code Section 33-14-76 is not applicable to a reorganization or merger pursuant to this chapter.   The demutualization of a mutual insurance holding company is subject to the requirements of Code Section 33-14-76.     (Code 1981, §33-13A-7, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-8 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-8. Effect of Membership Interest

 A membership interest in a mutual insurance holding company shall not constitute a security as such term is defined in Code Section 11-8-102.    (Code 1981, §33-13A-8, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-9 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-9. Offerings of Voting Stock; Duties of Commissioner

  The offerings of voting stock by a reorganized stock insurer or intermediate stock holding company to any person other than the mutual insurance holding company or a wholly owned subsidiary thereof, which offering is to occur in connection with the reorganization or merger or is the first to occur after the effective date of the reorganization or merger, shall be made only in accordance with such provisions as the reorganization plan or merger plan may contain governing such an initial offering or with the prior approval of the Commissioner after submission of an application by the proposed issuer. The reorganization plan or merger plan shall describe the terms on which members, officers, and directors of the mutual insurance holding company, as well as any other persons, may participate in such offering. The Commissioner may approve any such application unless the Commissioner finds that the offering would be prejudicial to the members of the mutual holding company.   The Commissioner may retain any attorneys, actuaries, accountants, and other experts not otherwise a part of the Commissioner's staff as may be reasonably necessary to assist the Commissioner in reviewing an application submitted pursuant to this Code section, the cost of which shall be borne by the proposed issuer submitting such application.     (Code 1981, §33-13A-9, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-10 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-10. Policyholder Meetings

  Within 45 days after the date of the Commissioner's approval of a reorganization plan or merger plan pursuant to this chapter, unless extended by the Commissioner for good cause, the mutual insurer shall hold a meeting of its policyholders to vote upon such plan. The mutual insurer shall give notice at least 30 days before the time fixed for the meeting, by first-class mail to the last known address of each policyholder, that the reorganization plan or merger plan will be voted upon at a regular or special meeting of the policyholders. The notice shall include a brief description of the reorganization plan or merger plan and a statement that the Commissioner has approved such plan. The notice shall also include information regarding where the policyholder can obtain copies of the full reorganization plan or merger at no cost to the policyholder. The notice to each policyholder shall also include a written proxy permitting the policyholder to vote for or against the reorganization plan or merger plan. A reorganization plan or merger plan shall be approved only if not less than two-thirds of the policyholders voting in person or by proxy at the meeting vote in favor of such plan. Each policyholder shall be entitled to only one vote regardless of the number of policies owned by the policyholder.   If a mutual insurer complies substantially and in good faith with the notice requirements of this Code section, the mutual insurer's failure to give any policyholder any required notice does not impair the validity of any action taken under this Code section.   For purposes of voting, policyholder means a person who is eligible to vote under the mutual insurer's articles of incorporation or bylaws and who is also a policyholder of the mutual insurer as of the date on which the reorganization plan or merger plan is initially approved by the board of directors of the mutual insurer.     (Code 1981, §33-13A-10, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-11 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-11. Treatment of Stock

 The majority of the voting stock of the reorganized stock insurer, which is required by this Code section to be at all times owned by a mutual insurance holding company, shall not be conveyed, transferred, assigned, pledged, subject to a security interest or lien, encumbered, or otherwise hypothecated or alienated by the mutual insurance holding company or intermediate stock holding company. Any conveyance, transfer, assignment, pledge, security interest, lien, encumbrance, hypothecation, or alienation of, in or on the majority of the voting stock of the reorganized stock insurer that is required by this Code section to be at all times owned by a mutual insurance holding company, is in violation of the provisions of this Code section and shall be void in inverse chronological order of the date of such conveyance, transfer, assignment, pledge, security interest, lien, encumbrance, hypothecation, or alienation as to the shares necessary to constitute a majority of such voting stock. The majority of the voting stock of the reorganized stock insurer that is required by this Code section to be at all times owned by a mutual insurance holding company shall not be subject to execution and levy. The shares of the capital stock of the surviving or new company resulting from a merger or consolidation of two or more reorganized stock insurers or two or more intermediate stock holding companies that were subsidiaries of the same mutual insurance holding company are subject to the same requirements, restrictions, and limitations as provided in this Code section to which the shares of the merging or consolidating reorganized stock insurers or intermediate stock holding companies were subject as provided in this Code section prior to the merger or consolidation.    (Code 1981, §33-13A-11, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-12 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-12. Legislative Intent Regarding Impact on Taxation

 It is the intent of the General Assembly that the formation of a mutual insurance holding company shall not increase the Georgia tax burden of the mutual insurance holding company system and that a reorganized stock insurer shall continue to be subject to Georgia insurance premium taxation in lieu of all other taxes except as provided in Chapter 8 of this title.    (Code 1981, §33-13A-12, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-13A-13 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 13A - Mutual Insurance Holding Companies|§ 33-13A-13. Regulatory Authority

 The Commissioner shall have the authority to promulgate rules and regulations to implement and enforce the provisions of this chapter.    (Code 1981, §33-13A-13, enacted by Ga. L. 2015, p. 846, § 3/HB 185.)
GA Code § 33-16-1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-1. Scope of Chapter

 This chapter applies only to domestic farmers' mutual fire insurance companies.   (Code 1933, § 56-2001, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-2 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-2. "Domestic Farmers' Mutual Fire Insurance Companies" Defined; Risks Against Which Companies May Write Insurance

  "Domestic farmers' mutual fire insurance companies" are companies organized for the purpose of insuring property against loss or damage by fire, lightning, windstorm, extended coverage, and hail, and for all, or any, of such purposes.   Domestic farmers' mutual fire insurance companies may write insurance against said hazards on such property risks as their charter and bylaws may provide.    (Code 1933, § 56-2002, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33; Ga. L. 2012, p. 1040, § 1/SB 203.)   RESEARCH REFERENCES   ALR.   - Risks and losses covered by lightning insurance, 15 A.L.R.2d 1017.   Determination of amount payable on loss to growing crop under policy insuring against loss or injury, 20 A.L.R.3d 924.   Livestock or animal insurance: risks and losses, 47 A.L.R.4th 772.
GA Code § 33-16-3 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-3. Procedure for Incorporation of Companies Generally; Filing and Contents of Application for Charter; Granting of Charter by Secretary of State

  Twenty or more persons a majority of whom are citizens of this state may become a body corporate for the purpose of transacting insurance upon the farmers' mutual fire insurance plan as defined in Code Section 33-16-2 by making an application for a charter signed by the persons applying for the charter or their counsel in triplicate specifying:   The name of the proposed corporation. The name shall contain the words "Farmers' Mutual" and shall not be so similar to any name already used by any other corporation authorized to transact business in this state as to be confusing or misleading;   The purpose for which the corporation is formed;   The name of the county in this state in which the corporation will have its principal office and the names of any other counties in which it proposes to operate;   The name and address of each incorporator;   The names and addresses of those composing the board of directors of the corporation in which the management shall be vested until the first meeting of the members; and   Any other provisions not inconsistent with this chapter or other applicable laws as are deemed desirable by the incorporators or as may be required by the Commissioner.     The corporate charter shall be granted by the Secretary of State as provided in Chapter 14 of this title.    (Ga. L. 1923, p. 113, §§ 1-3; Ga. L. 1924, p. 122, § 1; Code 1933, §§ 56-1408, 56-1409, 56-1410, 56-1411; Code 1933, § 56-2003, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1984, p. 22, § 33; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-4 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-4. Issuance of Certificate of Authority; Qualifications; Proposed Changes to Plan of Operation

  No person shall transact or attempt to transact business as a farmers' mutual fire insurance company unless so authorized by an effective certificate of authority issued by the Commissioner.   The Commissioner shall not issue or permit to exist any certificate of authority as to any insurer not qualified for such certificate unless it is shown to the satisfaction of the Commissioner that:   The farmers' mutual fire insurance company maintains the minimum surplus required by subsection (a) of Code Section 33-16-13;   The farmers' mutual fire insurance company maintains a security deposit as required by subsection (c) of Code Section 33-16-13;   The farmers' mutual fire insurance company has submitted an acceptable business plan to the Commissioner that includes, but is not limited to, two-year financial projections and supporting assumptions reflecting expected premiums and losses, counties where the farmers' mutual fire insurance company intends to insure property, and the contingent liability, if any, of its members; and   It must otherwise be in compliance with the requirements of this chapter.     Any proposed changes to a farmers' mutual fire insurance company's plan of operation subsequent to licensure pursuant to this chapter, including but not limited to geographical expansion, shall be filed and approved in advance by the Commissioner.    (Code 1933, § 56-2004, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1970, p. 165, § 1; Ga. L. 1981, p. 809, § 1; Ga. L. 1989, p. 688, § 1; Ga. L. 2012, p. 1040, § 1/SB 203; Ga. L. 2019, p. 337, § 1-77/SB 132.)    The 2019 amendment,  effective July 1, 2019, substituted "by an effective" for "by a currently effective" in subsection (a); and deleted "currently" preceding "qualified for such" in subsection (b).   Law reviews.   - For article surveying developments in Georgia insurance law from mid-1980 through mid-1981, see 33 Mercer L. Rev. 143 (1981).
GA Code § 33-16-5 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-5. Annual License Fee

 Farmers' mutual fire insurance companies shall pay no annual fees or charges other than an annual license fee as provided in Code Section 33-8-1.   (Code 1933, § 56-2005, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1992, p. 2725, § 20; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-6 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-6. Board of Directors Generally

 In companies organized under this chapter, the number of directors shall be not less than three. A majority of the board of directors shall be a quorum for the transaction of business. No person shall be or act as a director of the insurer who does not have insurance in force in the insurer.   (Code 1933, § 56-2013, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203; Ga. L. 2019, p. 337, § 1-78/SB 132.)    The 2019 amendment,  effective July 1, 2019, deleted "currently effective" following "who does not have" in the last sentence of this Code section.
GA Code § 33-16-7 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-7. Power of Board to Borrow Money and Pledge Assets of Company

 The board of directors of a farmers' mutual fire insurance company may, at any time, borrow such sum or sums of money as they may deem necessary to pay its losses, accrued or unaccrued, and may pledge the assets of the company including the contingent liability of policyholders for the losses as security for the loan.   (Code 1933, § 56-2014, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-8 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-8. Contents of Bylaws Generally; Amendment of Bylaws; Provision for Exclusion of Members

  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.   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.   The bylaws may be amended and any such amendment shall be filed with the Commissioner at least 30 days prior to its adoption.   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.    (Ga. L. 1924, p. 122, § 2; Code 1933, § 56-1412; Code 1933, § 56-2008, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2000, p. 136, § 33; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-9 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-9. Inclusion of Bylaws in Insurance Policy; Inclusion in Policy of Statement of Contingent Liability of Members

 The portion of the bylaws which affects the insuring agreement shall be contained in the policy. Each policy issued by the insurer shall contain a statement of the contingent liability, if any, of its members.   (Orig. Code 1863, § 2787; Code 1868, § 2795; Code 1873, § 2837; Code 1882, § 2837; Civil Code 1895, § 2135; Civil Code 1910, § 2530; Code 1933, § 56-1403; Code 1933, § 56-2009, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-10 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-10. Inclusion in Policy of Provision Against Waiver of Bylaws

 The companies may provide in the policy that officers and agents elected by them do not have the power to waive any provision of the bylaws.   (Code 1933, § 56-2010, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-11 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-11. Holding of Annual and Special Meetings of Members; Notice of Meetings

 An annual meeting of such company shall be held at such a time as is fixed in the bylaws of the company. Special meetings may be held for such purposes and in such manner as may be specified in the insurer's bylaws, consistent with this chapter. All such meetings shall be held in the insurer's county of domicile or other location in this state that is convenient for its membership and specified in the insurer's bylaws. Notice of such meeting shall be mailed or otherwise given to each member not less than 20 days in advance of the meeting, and notice of any special meeting called by the board of directors shall be given in writing not less than ten days in advance stating the purpose of the meeting so called.   (Code 1933, § 56-2015, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-12 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-12. Voting by Policyholders at Meetings

 Each policyholder in a farmers' mutual fire insurance company shall be entitled to only one vote in all policyholders' meetings. No voting by proxy shall be permitted unless it is specially authorized in the bylaws and approved by the Commissioner.   (Ga. L. 1923, p. 113, § 9; Code 1933, § 56-1416; Code 1933, § 56-2006, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.)
GA Code § 33-16-13 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 16 - Farmers' Mutual Fire Insurance Companies|§ 33-16-13. Amount of Minimum Surplus Required

  The amount of minimum surplus required for each farmers' mutual fire insurance company shall be determined on an individual basis; however, no farmers' mutual fire insurance company shall be issued a certificate of authority unless it shall possess and thereafter maintain a minimum of $150,000.00 in surplus.   Minimum surplus of up to $150,000.00 shall be maintained in any of the following:   Cash;   Certificates of deposit or similar certificates or evidence of deposits in banks or trust companies but only to the extent that the certificates or deposits are insured by the Federal Deposit Insurance Corporation; or   Savings accounts, certificates of deposit, or similar certificates or evidence of deposit in savings and loan associations and building and loan associations but only to the extent that the same are insured by the Federal Savings and Loan Insurance Corporation.     A portion of the minimum surplus, in an amount determined by the Commissioner, must be deposited with this state prior to the issuance of the certificate of authority. Chapter 12 of this title shall apply to the deposit required by this subsection.   Any additional surplus in excess of $150,000.00 required by the Commissioner pursuant to subsection (a) of this Code section may be provided and maintained in any of the following:   Any eligible investments of minimum capital or surplus authorized by Code Section 33-11-5; or   Any other investments approved by the Commissioner that do not impair the financial solvency of the farmers' mutual fire insurance company.      (Code 1933, § 56-2011, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 856, § 1; Ga. L. 2012, p. 1040, § 1/SB 203.)