reglab/housing_qa huggingface dataset:
GA Code § 34-9-157 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-157. Boards of Trustees - Appointment of Members

 Each fund created pursuant to this article shall be operated by a board of trustees chosen by the mutual agreement of the participating members of such fund in accordance with this article and with the bylaws of the fund. The appointment of any trustee shall be subject to the approval of the Commissioner.   (Code 1933, § 114-608a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108.
GA Code § 34-9-158 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-158. Boards of Trustees - Powers

 The board of the fund shall have the following specific powers, together with such other powers granted elsewhere in this article as may be necessary or incidental to effectuate the purposes of this article:    To invest and reinvest funds held by it in accordance with Code Section 34-9-163;   To collect and disburse all money due or payable in accordance with this article;   To employ and contract with banks, corporate trustees, insurance agents, surplus lines brokers, insurers authorized to do business in this state, and approved surplus lines carriers;   To employ and contract with actuaries, accountants, contract administrators, and other agents and employees necessary for the operation of the fund;   To employ an administrator for the fund;   To contract with other persons or public bodies of this state for the use of services or facilities necessary, useful, or incidental to the operation of the fund;   To employ legal counsel;   To execute other contracts necessary or incidental to the operation of the fund;   To pay dividends to or levy assessments on its members;   To purchase bonds and insurance necessary to comply with the requirements of this article and the rules and regulations of the Commissioner; and   To do and perform such other and further acts, not inconsistent with this article or with other laws of this state, which may be necessary for the efficient and proper operation of the fund.    (Code 1933, § 114-609a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1995, p. 1201, § 7.)
GA Code § 34-9-159 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-159. Annual Reports of Affairs and Operations of Funds; Additional Periodic Reports; Verification of Reports; Compliance Condition for Renewal of Certificates

 On or before March 1 in each year after it shall have commenced to do business pursuant to a certificate of authority, every fund shall make and file with the Commissioner a report of its affairs and operations during the last preceding calendar year. This annual report shall be made in such form and shall contain such information as the Commissioner may, from time to time, by regulation, prescribe and require to protect the public interest, the interests of the members of the fund, and the interests of the employees of each member. The Commissioner may, by regulation, require such additional periodic reports as the Commissioner may from time to time prescribe as necessary or appropriate to protect the members and their employees and the public, to ensure the solvency of any fund, to inform the members of the fund, and to assure fair dealing in the investments of any fund. The Commissioner may require that the reports be verified under oath by such appropriate officers or agents as the Commissioner may designate by regulation and may require the reports to be furnished to persons or entities the Commissioner determines to have a legitimate interest therein. The Commissioner may, based upon the Commissioner's evaluation of the condition of individual funds, exempt that fund from submitting any report, except the annual report required by this article. Compliance with this Code section shall be a condition of the renewal of a certificate of authority under Code Section 34-9-153.   (Code 1933, § 114-610a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1995, p. 1201, § 8.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1846 et seq.   C.J.S.   - 44A C.J.S., Insurance, § 1828.
GA Code § 34-9-160 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-160. Method of Determining Financial Condition and Solvency of a Fund and Financial Capacity of Fund to Pay Obligations

 In determining the financial condition and solvency of a fund and the financial capacity of a fund to pay workers' compensation obligations promptly and otherwise to meet its obligations under this chapter, the Commissioner shall take into consideration the following:    The security deposit required by Code Section 34-9-161;   The surplus required by Code Section 34-9-162;   Such other considerations as the Commissioner may, by rule or regulation, deem necessary or appropriate;   The Commissioner shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis;   The surplus shares of members shall be allowed as assets, except that any premiums delinquent for 90 days shall first be charged against such surplus shares;   The surplus shares of members shall not be charged as a liability;   All premiums delinquent less than 90 days shall be allowed as assets;   An assessment levied upon members and not collected shall not be allowed as an asset;   The computation of reserves shall be based upon premiums other than membership fees and without any deduction for expenses and the compensation of any contract administrator; and   The existence and face value of contracts or policies of excess insurance or other measures of financial capacity as the Commissioner may deem appropriate, including the authority of municipalities, counties, and school boards, to levy and collect taxes pursuant to the laws of this state.    (Code 1933, § 114-611a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1995, p. 1201, § 9.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108.
GA Code § 34-9-161 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-161. Securities Deposit; Excess Loss Funding Program

    Each fund shall maintain a deposit consisting of securities eligible for deposit by domestic insurance companies in accordance with Chapter 12 of Title 33 in the amount of $200,000.00, which amount equates to the deposits required of a domestic insurance company pursuant to Code Section 33-3-8.   A fund may post a surety bond or bonds in the amount of $250,000.00 to satisfy the securities deposit requirement of paragraph (1) of this subsection. Such bond or bonds shall be acceptable only if issued by an insurer whose form has been approved by the Commissioner.   The security deposit required by this subsection shall be allowed as an asset and shall not be deemed as part of the surplus required by Code Section 34-9-162.     The excess loss funding program of a fund shall be approved by the Commissioner as a condition to the issuance and maintenance of a certificate of authority of any fund created pursuant to this article. An excess loss funding program may consist of excess insurance, self-funding from unobligated surplus of an agency, any combination of the foregoing, or any other funding program acceptable to the Commissioner. A fund may be permitted to purchase excess insurance:   From insurers authorized to transact business in this state; or   From approved surplus lines carriers.      (Code 1933, § 114-612a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1982, p. 3, § 34; Ga. L. 1987, p. 1397, § 2; Ga. L. 1989, p. 1075, § 1; Ga. L. 1990, p. 997, § 1; Ga. L. 1995, p. 1201, § 10.)   Law reviews.   - For article surveying developments in Georgia workers' compensation law from mid-1980 through mid-1981, see 33 Mercer L. Rev. 323 (1981).   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108. 100 C.J.S., Workers' Compensation, § 807.
GA Code § 34-9-162 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-162. Maintenance of Surplus and Expendable Surplus; Waiver of Surplus Requirements; Return of Surplus to Members of Fund

  A fund formed pursuant to this article shall possess and thereafter maintain a minimum surplus of not less than $200,000.00.   Any fund established prior to July 1, 1995, which has satisfied the surplus requirement of this Code section by utilization of a surety bond shall replace such bond with cash or cash equivalent within 60 months of the date such bond was submitted to the Commissioner.   Any fund established prior to July 1, 1995, which had received from the Commissioner a waiver of surplus pursuant to subsection (b) of this Code section as it existed prior to July 1, 1995, shall have until July 1, 1998, to replace such waiver with actual surplus and provide evidence of such surplus to the Commissioner.   At the discretion of the board of the fund, any surplus exceeding the requirements of this Code section and the total of all other liabilities of the fund may be returned to the members of the fund. The board of the fund shall notify the Commissioner by letter within ten days following the return of any surplus.    (Code 1933, § 114-613a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1982, p. 3, § 34; Ga. L. 1989, p. 1075, § 2; Ga. L. 1995, p. 1201, § 11.)   Law reviews.   - For article surveying developments in Georgia workers' compensation law from mid-1980 through mid-1981, see 33 Mercer L. Rev. 323 (1981).   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108.
GA Code § 34-9-163 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-163. Investment of Assets; Maintenance of Loss Reserves

  Except as otherwise specifically provided for in this article, the investable assets of a fund shall be invested only in securities or other investments permitted by the laws of this state for the investment of assets constituting the legal reserves of property and casualty insurance companies or in such other securities or investments as the Commissioner may permit such insurers to invest their funds under Title 33. Such investments shall be subject to the same terms, conditions, and limitations which apply to property and casualty insurance companies under Title 33.   For all claims under policies written in the three years immediately preceding the date as of which the statement is made, a fund shall maintain:   Actual loss reserves, incurred but not reported loss reserves, and reserves for aggregate excess insurance which, combined with actual loss and loss expense payments, shall be in an amount at least equal to the loss fund percentage as stated in the fund's excess insurance policy or such higher amounts as required by the Commissioner; or   With the approval of the Commissioner, loss reserves in an amount equal to the greater of the amount established by an independent casualty actuary in accordance with actuarial standards or 45 percent of earned premiums written in each of the three years prior to the date on which the report or statement is to be made, less all loss and loss expense payments made in connection with the claims under policies written in those three years. For the purposes of this paragraph, the term "actuarial standards" means the standards adopted by the Casualty Actuarial Society in its Statement of Principles Regarding Property and Casualty Loss and Loss Adjustment Expense Reserves and the Standards of Practice adopted by the Actuarial Standards Board.      (Code 1933, § 114-614a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1989, p. 1075, § 3; Ga. L. 1990, p. 997, § 2; Ga. L. 1995, p. 1201, § 12; Ga. L. 1996, p. 919, § 5.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108.
GA Code § 34-9-164 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-164. Payment of Operating Expenses by Members of Fund; Liability of Members; Payment by Funds of Expenses of State Board of Workers' Compensation; Legal Capacity of Funds

  Each member shall pay into the fund its share of the fund's projected obligation for workers' compensation liability, administrative expenses, and other costs incurred by the fund as may be determined by the board of the fund or by the fund's administrator and approved by the board of the fund, all in accordance with this article. The share shall be adjusted by the board of the fund according to the claims experience of each participating member in accordance with criteria set forth in the bylaws of the fund. The premium for each year shall be paid by each member at the beginning of each fund year unless otherwise provided for under the intrastate agreement or under a payment plan developed by the board of the fund and submitted to and approved by the Commissioner. The board of the fund shall make payments to the employees of the members out of the fund for workers' compensation benefits pursuant to and in accordance with the claims procedures set forth in this chapter; and the board of the fund shall determine what, if any, dividends or assessments shall be paid to or levied against the participating members of the fund.   The board of each fund shall establish and implement a loss prevention and loss control program for each member of the fund.   Each member of the fund shall be jointly and severally liable for all legal obligations of the fund, including, but not limited to, any obligations of the fund to pay claims against the fund arising out of any occurrence, incident, or accident covered under this chapter.   Each fund shall be treated as a self-insurer for the purposes of Article 9 of this chapter.   Each fund shall be liable under Code Section 34-9-63 for its share of the expenses of the State Board of Workers' Compensation and, for the purposes of that Code section only, it shall be treated as though it were an insurer.   Each fund may sue and be sued in its own name. Service of process shall be perfected upon the fund by serving its registered Georgia agent for service of process or by otherwise serving the fund in accordance with the laws of this state.    (Code 1933, § 114-615a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1995, p. 1201, § 13; Ga. L. 1996, p. 919, § 6.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108. 100 C.J.S., Workers' Compensation, § 800 et seq.
GA Code § 34-9-165 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-165. Requirements as to Contracts Between Funds and Administrators Not Employed by Funds

  If a fund contracts with an administrator which is not an employee of the fund, the fund and the administrator must enter into a written agreement which shall be subject to review and approval by the Commissioner in accordance with this Code section. The agreement shall set forth the following:   The powers of the administrator;   The general services to be performed by the administrator;   The manner and amount of compensation to be paid to the administrator and any arrangements between the fund and the administrator for the payment of administrative and other expenses incurred in connection with the operation of the fund;   A contractual provision obligating the administrator to obtain and maintain such bonds, deposits, or insurance coverage as may be required to be maintained by this article; and   A requirement that errors and omissions coverage or other appropriate liability insurance in an amount which is not less than that specified by the rules and regulations of the Commissioner be written with an authorized insurer or an eligible surplus lines insurer and be maintained at all times by the administrator.     The agreement may provide for the following:   The right of substitution of the administrator and the revocation of the agreement upon notice to the Commissioner;   Restrictions upon the exercise of power by the administrator; and   Any other lawful provision deemed necessary or appropriate.     The terms of any such agreement shall be reasonable and equitable, and the agreement and any amendments thereto shall be filed with the Commissioner at least 30 days prior to their use. Any such agreement and any and all amendments thereto which have not been specifically disapproved by the Commissioner within 30 days after the filing thereof shall be deemed to be approved.   A copy of the agreement and any and all amendments thereto shall be furnished to each member upon request.   Except as provided in subsection (d) of this Code section, such agreements and amendments shall be confidential and privileged and shall not be released to the public by the Commissioner without the prior written consent of the parties thereto.    (Code 1933, § 114-618a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1995, p. 1201, § 14.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108.
GA Code § 34-9-166 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-166. Fiduciary Responsibilities of Trustees, Officers, or Administrators of Moneys

 Any trustee, officer, or administrator of a fund who receives, collects, disburses, or invests moneys in connection with the activities of the fund shall be responsible for such moneys in a fiduciary capacity.   (Code 1933, § 114-623a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108.
GA Code § 34-9-167 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-167. Bond, Liability Insurance, and Resident Office of Administrator

  The Commissioner shall require each administrator to have and maintain a fidelity bond pursuant to Code Section 33-23-102.   Errors and omissions coverage or other appropriate liability insurance in an amount which is not less than that specified by the rules and regulations of the Commissioner shall be maintained at all times by an administrator of a fund; and a certificate by the insurer or other appropriate evidence of such coverage shall be filed with the Commissioner by the fund.   Each administrator shall maintain an office in this state for the payment, processing, and adjustment of the claims of the fund or funds which it represents.    (Code 1933, § 114-619a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1; Ga. L. 1996, p. 919, § 7.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108.
GA Code § 34-9-168 (2021)
2021 Georgia Code|Title 34 - Labor and Industrial Relations|Chapter 9 - Workers' Compensation|Article 5 - Group Self-Insurance Funds|§ 34-9-168. Grounds and Procedure for Restraining Transaction of Business by Fund or Administrator; Appointment of Receivers; Criminal Prosecution

 If the Commissioner finds that any fund or its administrator (1) has failed to comply with any provision of this article, (2) is fraudulently operated, (3) is in such condition as to render further fund operations hazardous to the public interest or to the interests of the fund's members and their employees, (4) is financially unable to meet its obligations and claims as they come due, or (5) has violated any other provision of law, he may apply to the Superior Court of Fulton County for an injunction. The court may forthwith issue a temporary injunction restraining the transaction of any business by the fund; and, after a full hearing, it may make the injunction permanent and appoint one or more receivers to take possession of the books, papers, moneys, and other assets of the fund in order to settle its affairs and distribute its funds to those entitled thereto, subject to such rules and orders as the court may prescribe. If it appears that a crime has been committed in connection with the administration or management of any fund, the Attorney General may pursue the appropriate criminal action.   (Code 1933, § 114-621a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 44A Am. Jur. 2d, Insurance, § 1828 et seq.   C.J.S.   - 44 C.J.S., Insurance, §§ 105, 108.