{"data":{"id":"us-ga/o.c.g.a.-20-2-2018","jurisdiction":"us-ga","citation":"O.C.G.A. § 20-2-2018","heading":"Excess loss funding program; condition for certificate of authority.","body":"(a) An interlocal risk management agency shall maintain at all times an excess loss funding program acceptable to the Commissioner. An excess loss funding program may consist of excess insurance, self-funding from unobligated surplus of a fund, any combination of such excess insurance or self-funding, or any other funding program acceptable to the Commissioner.\n(b) The excess loss funding program of an agency shall be approved by the Commissioner as a condition to the issuance and maintenance of a certificate of authority of any agency which establishes a fund or funds authorized pursuant to this article. An agency may be permitted to purchase excess insurance:\n(1) From insurers authorized to transact business in this state; or\n(2) From approved surplus lines carriers.","path":["TITLE 20 Education","CHAPTER 2 Elementary and Secondary Education","Article 29 Interlocal Risk Management Agency"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.20.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"580d3dd7a2e97fffc59cf3ca4c8dbd14f06c7bccc7b3301d5c5478ab2d1f102c","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-20-2-2017","next":"us-ga/o.c.g.a.-20-2-2019"},"notice":"GroundRules: Original legal text. Not legal advice."}