Ga. Comp. R. & Regs. 120-2-35-.03

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-35-.03 - Replacement Upon Reduction of Market Value Securities

When any company licensed in Georgia is required to have a deposit of securities in this state in accordance with O.C.G.A. §§ 33-12-7 or pursuant to any rule or regulation of the Office of Commissioner of Insurance, the amount of such deposit required shall be at the market value thereof and shall be increased from time to time as necessary to maintain the required amount of deposit.

Ga. Comp. R. & Regs. R. 120-2-35-.03

O.C.G.A. Sections 33-2-9, 33-3-8, 33-3-9, 33-3-10, 33-11-10, 33-12-4, 33-12-6, 33-12-7, 33-14-13.

Original Rule entitled "Definitions" was filed on March 31, 1983; effective May 1, 1983, as specified by the Agency.

Repealed New Rule of same title adopted. F. Aug. 24, 1989; eff. Sept. 15, 1989, as specified by the Agency.

Repealed: New Rule entitled "Replacement Upon Reduction of Market Value Securities" adopted. F. July 19, 1996; eff. August 8, 1996.