Title 33 — Title 33
0 chapters · 1,218 sections in this title.
O.C.G.A. § 33-13A-1 Short title
0.2K chars
This chapter shall be known and may be cited as the ‘‘Mutual Insurance Holding Company Act.’’ History. — Code 1981, § 33-13A-1, enacted by Ga. L. 2015, p. 846, § 3/HB 185. 33-13A-2. Definitions.
O.C.G.A. § 33-13A-10 Policyholder meetings
2.0K chars
(a) Within 45 days after the date of the Commissioner’s approval of a reorganization plan or merger plan pursuant to this chapter, unless extended by the Commissioner for good cause, the mutual insurer shall hold a meeting of its policyholders to vote upon such plan. The mutual i…
O.C.G.A. § 33-13A-11 Treatment of stock
1.9K chars
The majority of the voting stock of the reorganized stock insurer, which is required by this Code section to be at all times owned by a mutual insurance holding company, shall not be conveyed, transferred, assigned, pledged, subject to a security interest or lien, encumbered, or …
O.C.G.A. § 33-13A-12 Legislative intent regarding impact on taxation
0.5K chars
It is the intent of the General Assembly that the formation of a mutual insurance holding company shall not increase the Georgia tax burden of the mutual insurance holding company system and that a reorganized stock insurer shall continue to be subject to Georgia insurance premiu…
O.C.G.A. § 33-13A-13 HOSPITALS
0.6K chars
Accurate provider directories, §§33-20C-1 to 33-20C-7. Alcoholism. Insurance policies. Exclusion of payment to hospitals specializing in treatment of alcoholics, §33-24-28.3. Critical access hospitals. Medicaid care management organizations, §33-21A-5. Drug addiction. Insurance p…
O.C.G.A. § 33-13A-2 Definitions
3.5K chars
As used in this chapter, the term: (1) ‘‘Intermediate stock holding company’’ means one or more stock corporations that own all of the shares of voting stock of one or more reorganized stock insurers after a reorganization under Code Section 33-13A-3 or a merger under Code Sectio…
O.C.G.A. § 33-13A-3 Reorganization plans
3.7K chars
(a) A domestic mutual insurer, upon approval of the Commissioner, may reorganize by forming an insurance holding company system, which shall be designated as a mutual insurance holding company, based upon a reorganization plan and continuing the corporate existence of the reorgan…
O.C.G.A. § 33-13A-4 Procedure for reorganization
3.4K chars
(a) A domestic mutual insurer, upon the approval of the Commissioner, may reorganize by merging its policyholders’ membership interests into a mutual insurance holding company formed pursuant to Code Section 33-13A-3 and continuing the corporate existence of the reorganizing insu…
O.C.G.A. § 33-13A-5 Investment securities
2.1K chars
Membership interest not considered security, §33-13A-8. Majority of the voting stock of the reorganized stock insurers. Defined, §33-13A-2. Members. Defined, §33-13A-2. Domestic mutual insurer reorganizing as mutual insurance holding company. Continuation of existence as stock insu…
O.C.G.A. § 33-13A-6 Required compliance; treatment of assets
0.9K chars
A mutual insurance holding company is deemed to be an insurer subject to this title and shall automatically be a party to any proceeding under this title involving an insurer that, as a result of a reorganization pursuant to Code Section 33-13A-3 or a merger pursuant to Code 631 …
O.C.G.A. § 33-13A-7 Application of other statutory provisions
0.3K chars
(a) Code Section 33-14-76 is not applicable to a reorganization or merger pursuant to this chapter. (b) The demutualization of a mutual insurance holding company is subject to the requirements of Code Section 33-14-76. History. — Code 1981, § 33-13A-7, enacted by Ga. L. 2015, p. …
O.C.G.A. § 33-13A-8 Effect of membership interest
0.1K chars
A membership interest in a mutual insurance holding company shall not constitute a security as such term is defined in Code Section 11-8-102. History.
O.C.G.A. § 33-13A-9 Offerings of voting stock; duties of Commissioner
1.5K chars
(a) The offerings of voting stock by a reorganized stock insurer or intermediate stock holding company to any person other than the mutual insurance holding company or a wholly owned subsidiary thereof, which offering is to occur in connection with the reorganization or merger or…