™Your Policy Risk Impact Agent
73 chapters · 1,492 sections in this title.
O.C.G.A. § 33-13-1 Definitions
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As used in this article, the term: (1) ‘‘Affiliate,’’ including the term ‘‘affiliate of ’’ or ‘‘person affiliated with’’ a specific person, means a person who directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with the …
O.C.G.A. § 33-13-10 Injunctions; seizure or sequestration of voting securities
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(a) Injunctions. Whenever it appears to the Commissioner that any insurer or any director, officer, employee, or agent of any insurer has committed or is about to commit a violation of this article or of any rule, regulation, or order issued by the Commissioner under this article…
O.C.G.A. § 33-13-11 Violations of this article
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(a) Any insurer failing, without just cause, to file any registration statement as required in this article shall be required, after notice and hearing, to pay a penalty of $1,000.00 for each day’s delay. The maximum penalty under this Code section is $50,000.00. The Commis613 sio…
O.C.G.A. § 33-13-12 Receivership
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Whenever it appears to the Commissioner that any person has committed a violation of this article which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, s…