Administration of Deposits of Plans

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Any deposits of a sponsor of a prepaid legal services plan deposited with the Commissioner pursuant to this chapter shall be administered by the Commissioner in accordance with Chapter 12 of this title as though deposited by a domestic casualty, life, or accident and sickness insurer authorized to transact insurance in this state.

(Code 1933, § 56-3521, enacted by Ga. L. 1975, p. 1268, § 1; Ga. L. 1983, p. 748, § 7; Ga. L. 2019, p. 386, § 124/SB 133.)

The 2019 amendment, effective July 1, 2019, deleted "or as deposited by a corporation authorized to transact business in this state pursuant to Chapter 18 or 19 of this title" following "state" at the end of this Code section.


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