GroundRules
O.C.G.A. § 33-14-21: Limitation on organizational expenses.
Where this section sits in the code
- TITLE 33 Insurance
- CHAPTER 14 Domestic Stock and Mutual Insurers
- Article 1 General Provisions
The total expenses of organization of any insurer organized under this chapter including commissions for the sale of stock shall not exceed 12 1/2 percent of the amount for which the stock is sold in the case of a stock insurer and 12 1/2 percent of the paid-in surplus in the case of a mutual insurer.
Collected 2026-09-17T19:34:57Z. Source file · JSON