Georgia § 33-3-9 - Requirement of additional deposits of securities by foreign and alien insurers.
Full text of Georgia Official Code of Georgia Annotated § 33-3-9 — Requirement of additional deposits of securities by foreign and alien insurers., with citation guidance and answers to common questions.
§ 33-3-9. Requirement of additional deposits of securities by foreign and alien insurers.
In those instances in which the Commissioner in his or her judgment shall deem it to be in the best interests of the citizens of this state, no certificate of authority shall be issued by the Commissioner to any foreign and alien insurer nor shall any certificate of authority be renewed for any such insurer unless such insurer shall deposit with the Commissioner securities eligible for the investment of capital funds in such amount as the Commissioner shall require. This deposit and the deposit required by paragraph (1) of subsection (b) of Code Section 33-3-8 shall be administered as provided for in Chapter 12 of this title. Deposits under this Code section shall be held for the protection of the insurer's policyholders in this state and others in this state entitled to the proceeds of its policies. (Code 1933, § 56-310, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1967, p. 765, § 1; Ga. L. 1972, p. 1015, § 14; Ga. L. 2016, p. 519, § 1/HB 884; Ga. L. 2019, p. 337, § 1-17/SB 132.) The 2019 amendment, effective July 1, 2019, substituted "In those instances" for "On and after July 1, 1967, in those instances" at the beginning of this Code section. Cross references. - Administration of deposits, T. 33, C. 12. Law reviews. - For article discussing restrictions on the establishment and transaction of business by a foreign insurer in Georgia with emphasis on threshold requirements for establishment by alien insurers, see 27 Mercer L. Rev. 629 (1976).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-3-9
What does Official Code of Georgia Annotated § 33-3-9 cover?
Section 33-3-9 ("Requirement of additional deposits of securities by foreign and alien insurers.") 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 § 33-3-9?
A common citation format is "Official Code of Georgia Annotated § 33-3-9" (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 § 33-3-9 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.