Rights of Insurers as to Recovery, Exchange, and Inspection of Deposits Generally

  1. Law
  2. Georgia Code
  3. Insurance
  4. Administration of Deposits
  5. Rights of Insurers as to Recovery, Exchange, and Inspection of Deposits Generally

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So long as the insurer remains solvent and complies with this title it may:

  1. Demand, receive, institute an action for, and recover the income from the securities deposited;
  2. Exchange and substitute for the deposited securities or any part thereof, with the approval of the Commissioner, eligible securities of equivalent or greater value; and
  3. Inspect at reasonable times any deposit.

(Ga. L. 1887, p. 113, § 5; Civil Code 1895, § 2043; Ga. L. 1905, p. 76, § 1; Ga. L. 1906, p. 107, §§ 4, 5; Civil Code 1910, §§ 2427, 2431, 2432; Code 1933, §§ 56-309, 56-310, 56-317; Code 1933, § 56-1105, enacted by Ga. L. 1960, p. 289, § 1.)


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