Every form of insurance document and every rate or other filing lawfully in use immediately prior to January 1, 1961, may continue to be so used or be effective until the Commissioner otherwise prescribes in accordance with this title, except that, before the expiration of one year from and after January 1, 1961, neither this title nor the Commissioner shall prohibit the use of any such document, rate, or filing because of any power, prohibition, or requirement contained in this title which did not exist under laws in force immediately prior to January 1, 1961.
(Code 1933, § 56-110, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33.)
OPINIONS OF THE ATTORNEY GENERAL
Charter must be amended if it did not authorize participation policies.
- A Georgia stock insurance company chartered after 1950 but before the adoption of the present provisions of this title must amend its charter in order to issue participating policies, if no reference is made to such policies in the charter. 1965-66 Op. Att'y Gen. No. 66-51.