Applicability of chapter

(a) All authorized reciprocal insurers shall be governed by those Code sections of this chapter not expressly made applicable to domestic reciprocal insurers. (b) Authorized reciprocal insurers shall comply with this chapter and shall make any amendments to their subscribers’ agreement, power of attorney, policies, and other documents and accounts and perform any other acts as may be required for such compliance. 750 History. — Code 1933, § 56-2103, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2019, p. 337, § 1-79/SB 132. The 2019 amendment, effective July 1, 2019, in subsection (b), substituted ‘‘Authorized reciprocal insurers shall comply’’ 33-17-5 for ‘‘Existing authorized reciprocal insurers shall after January 1, 1961, comply’’ at the beginning and substituted ‘‘for such compliance’’ for ‘‘for that compliance’’ at the end. 33-17-3. Authorization of transaction of insurance by reciprocal insurers generally. A reciprocal insurer may be authorized to transact insurance in this state subject to the applicable provisions of this title. History. — Code 1933, § 56-2102, enacted by Ga. L. 1960, p. 289, § 1. 33-17-4. Types of insurance in which reciprocal insurers authorized to transact business; reinsurance. (a) A reciprocal insurer may, upon qualifying as a reciprocal insurer as provided for by this title, transact any kind or kinds of insurance defined by this title other than life or title insurance. (b) A reciprocal insurer may purchase reinsurance upon the risk of any subscriber and may grant reinsurance as to any kind of insurance it is authorized to transact directly. History. — Code 1933, § 56-2104, enacted by Ga. L. 1960, p. 289, § 1.