Georgia § 20-2-2007 - Minimum surplus required.
Full text of Georgia Official Code of Georgia Annotated § 20-2-2007 — Minimum surplus required., with citation guidance and answers to common questions.
§ 20-2-2007. Minimum surplus required.
Each fund formed pursuant to this article shall possess and thereafter maintain minimum surplus in an amount such as the Commissioner may reasonably establish or subsequently require for the protection of the members. The Commissioner may authorize a fund to maintain a deposit consisting of securities eligible for deposit by domestic insurance companies in accordance with Chapter 12 of Title 33 or, for a period not to exceed 60 months, to post a surety bond in lieu of maintaining the minimum surplus required by this Code section. (Code 1981, § 20-2-2007 , enacted by Ga. L. 1986, p. 1172, § 1.)
Frequently Asked Questions About Georgia § 20-2-2007
What does Official Code of Georgia Annotated § 20-2-2007 cover?
Section 20-2-2007 ("Minimum surplus required.") 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 § 20-2-2007?
A common citation format is "Official Code of Georgia Annotated § 20-2-2007" (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 § 20-2-2007 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.