Statutes > Georgia Statutes > TITLE 33 - INSURANCE > CHAPTER 10 - ASSETS AND LIABILITIES > § 33-10-12 - Requirement by Commissioner of increase in loss reserves

§ 33-10-12 - Requirement by Commissioner of increase in loss reserves

O.C.G.A. 33-10-12 (2010)
33-10-12. Requirement by Commissioner of increase in loss reserves


If the loss experience shows that an insurer's loss reserves, however estimated, are inadequate, the Commissioner shall require the insurer to maintain loss reserves of increased amounts as are needed to make them adequate. This Code section does not apply to life insurance.