Georgia § 33-9-32 - Validity of contracts to use rates in excess of, or lower than, generally applicable rates.
Full text of Georgia Official Code of Georgia Annotated § 33-9-32 — Validity of contracts to use rates in excess of, or lower than, generally applicable rates., with citation guidance and answers to common questions.
§ 33-9-32. Validity of contracts to use rates in excess of, or lower than, generally applicable rates.
Nothing contained in this chapter shall be deemed to prohibit an insurer and its insured from contracting to use a rate on a specific risk or risks which is in excess of or lower than that otherwise applicable, provided that the contract and rate deviation by consenting parties have been filed with the Commissioner prior to the use of the rate in accordance with the procedures, conditions, and limitations as may be established by the Commissioner; and provided, further, that, if the resulting premium exceeds $1,000.00, a binder of coverage may be issued and the contract and rate deviation shall be filed within 20 days after the issuance of the binder. Such contract and rate deviation shall be subject to challenge by the Commissioner for a period of ten days after filing. If such challenge is upheld, the insurer shall be required to use its regular filed rates for the first 30 days of coverage in accordance with the requirements of applicable law. If there is no challenge or if a challenge is not upheld, the contract and rate deviation agreed upon may be used from and after the effective date of the binder. (Code 1933, § 56-522.2, enacted by Ga. L. 1976, p. 691, § 1; Ga. L. 1985, p. 994, § 1.)
Frequently Asked Questions About Georgia § 33-9-32
What does Official Code of Georgia Annotated § 33-9-32 cover?
Section 33-9-32 ("Validity of contracts to use rates in excess of, or lower than, generally applicable rates.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 33-9-32?
A common citation format is "Official Code of Georgia Annotated § 33-9-32" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 33-9-32 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.