For all accident and sickness insurance policies the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and which shall not be less in the aggregate than the reserve according to such method of calculation as the Commissioner may approve.
O.C.G.A. § 33-10-8
Accident and sickness insurance, required reserves
Known as the Standard Valuation Law
The act spans §§ 33–33 (14 sections).
— Code 1933, § 56-908, en- Law reviews. — For note, “Misrepreacted 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.