Georgia § 33-12-1 - Persons with whom required deposit to be made; acceptance and holding in trust of deposits generally.
Full text of Georgia Official Code of Georgia Annotated § 33-12-1 — Persons with whom required deposit to be made; acceptance and holding in trust of deposits generally., with citation guidance and answers to common questions.
§ 33-12-1. Persons with whom required deposit to be made; acceptance and holding in trust of deposits generally.
Deposits required or permitted by law to be made by domestic life insurers and all other insurers shall be made with the Commissioner or with some strong corporation approved by the Commissioner. The Commissioner shall accept and hold in trust deposits of securities or funds by insurers as follows: Deposits required for authority to transact insurance in this state; Deposits of domestic, foreign, or alien insurers when made pursuant to the laws of other states, provinces, and countries as prerequisite for authority to transact insurance in such state, province, or country; or Deposits in such additional amounts as are permitted to be made by Code Section 33-12-6. (Ga. L. 1887, p. 113, §§ 4, 5; Civil Code 1895, §§ 2036, 2042; Civil Code 1910, §§ 2420, 2426; Ga. L. 1922, p. 122, § 2; Code 1933, §§ 56-302, 56-314, 56-316; Code 1933, § 56-1101, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1972, p. 1015, § 14; Ga. L. 1982, p. 3, § 33.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-12-1
What does Official Code of Georgia Annotated § 33-12-1 cover?
Section 33-12-1 ("Persons with whom required deposit to be made; acceptance and holding in trust of deposits generally.") 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 § 33-12-1?
A common citation format is "Official Code of Georgia Annotated § 33-12-1" (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 § 33-12-1 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.