Georgia § 33-37-8 - Prohibition against release from proceedings or continuing business.
Full text of Georgia Official Code of Georgia Annotated § 33-37-8 — Prohibition against release from proceedings or continuing business., with citation guidance and answers to common questions.
§ 33-37-8. Prohibition against release from proceedings or continuing business.
No insurer that is subject to any delinquency proceedings, whether formal or informal, administrative or judicial, shall: Be released from such proceeding, unless such proceeding is converted into a judicial rehabilitation or liquidation proceeding; Be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority; Be returned to the control of its shareholders or private management; or Have any of its assets returned to the control of its shareholders or private management until all payments of or on account of the insurer's contractual obligations by all guaranty associations, along with all expenses thereof and interest on all such payments and expenses, shall have been repaid to the guaranty associations or a plan of repayment by the insurer shall have been approved by the guaranty association. (Code 1981, § 33-37-8 , enacted by Ga. L. 1991, p. 1424, § 7.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-37-8
What does Official Code of Georgia Annotated § 33-37-8 cover?
Section 33-37-8 ("Prohibition against release from proceedings or continuing business.") 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 § 33-37-8?
A common citation format is "Official Code of Georgia Annotated § 33-37-8" (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 § 33-37-8 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.