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.
O.C.G.A. § 33-10-12
Requirement by Commissioner of increase in loss reserves
Known as the Standard Valuation Law
The act spans §§ 33–33 (14 sections).
— Code 1933, § 56-910, enacted by Ga
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.