Georgia § 33-14-16 - Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium.
Full text of Georgia Official Code of Georgia Annotated § 33-14-16 — Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium., with citation guidance and answers to common questions.
§ 33-14-16. Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium.
If so provided in its charter, a domestic stock or domestic mutual insurer may issue any or all of its policies with or without participation in profits, savings, or unabsorbed portions of premiums, may classify policies issued on a participating or nonparticipating basis, and may determine the right to participate and the extent of participation of any class or classes of policies. Any classification or determination shall be reasonable and shall not unfairly discriminate as between policyholders within the same classification. No dividend, otherwise earned, shall be made contingent upon the payment of a renewal premium on any policy. (Code 1933, § 56-1521, enacted by Ga. L. 1960, p. 289, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-14-16
What does Official Code of Georgia Annotated § 33-14-16 cover?
Section 33-14-16 ("Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium.") 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 § 33-14-16?
A common citation format is "Official Code of Georgia Annotated § 33-14-16" (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 § 33-14-16 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.