Georgia § 33-37-42 - Authority of liquidator to compound, compromise, or negotiate claims; report to court.
Full text of Georgia Official Code of Georgia Annotated § 33-37-42 — Authority of liquidator to compound, compromise, or negotiate claims; report to court., with citation guidance and answers to common questions.
§ 33-37-42. Authority of liquidator to compound, compromise, or negotiate claims; report to court.
The liquidator shall review all claims duly filed in the liquidation and shall make such further investigation as he shall deem necessary. He may compound, compromise, or in any other manner negotiate the amount for which claims will be recommended to the court except where the liquidator is required by law to accept claims as settled by any person or organization, including any guaranty association or foreign guaranty association. Unresolved disputes shall be determined under Code Section 33-37-38. As soon as practicable, he shall present to the court a report of the claims against the insurer with his recommendations. The report shall include the name and address of each claimant and the amount of the claim finally recommended, if any. If the insurer has issued annuities or life insurance policies, the liquidator shall report the persons to whom, according to the records of the insurer, amounts are owed as cash surrender values or other investment value and the amounts owed. The court may approve, disapprove, or modify the report on claims by the liquidator. Such reports as are not modified by the court within a period of 60 days following submission by the liquidator shall be treated by the liquidator as allowed claims subject thereafter to later modification or to rulings made by the court pursuant to Code Section 33-37-38 . No claim under a policy of insurance shall be allowed for an amount in excess of the applicable policy limits. (Code 1981, § 33-37-42 , enacted by Ga. L. 1991, p. 1424, § 7.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-37-42
What does Official Code of Georgia Annotated § 33-37-42 cover?
Section 33-37-42 ("Authority of liquidator to compound, compromise, or negotiate claims; report to court.") 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 § 33-37-42?
A common citation format is "Official Code of Georgia Annotated § 33-37-42" (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 § 33-37-42 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.