Notwithstanding Code Section 33-9-14, each rating organization possessing a license of indefinite term pursuant to such Code section shall owe and pay to the Commissioner an annual fee as provided in Code Section 33-8-1 in advance on account of such license until its final termination.Such fee shall be for periods commencing on July 1 of each year and ending on June 30 and shall be due and payable on March 1 of each year and shall be delinquent on April 1 of each year.
(Code 1933, § 56-517, enacted by Ga. L. 1967, p. 684, § 1; Ga. L. 1992, p. 2725, § 14.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 43 Am. Jur. 2d, Insurance, § 42.
C.J.S.- 44 C.J.S., Insurance, § 45 et seq.