Title 33 — Title 33
0 chapters · 1,218 sections in this title.
O.C.G.A. § 33-3-1 Definitions
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As used in this chapter, the term: (1) ‘‘Administrative supervision’’ means the continued operation of the company under supervision of the Commissioner in accordance with regulations promulgated by the Commissioner. (2) ‘‘Alien’’ insurer means an insurer formed under the laws of…
O.C.G.A. § 33-3-11 Requirement of licensed resident agent
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Reserved. Repealed by Ga. L. 1999, p. 578, § 1, effective July 1, 1999. Editor’s notes. — This Code section was based on Code 1933, § 56-320, en- acted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33; Ga. L. 1998, p. 1091, § 1. 33-3-12. Requirements as to name of insurer.
O.C.G.A. § 33-3-12 Requirements as to name of insurer
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(a) No insurer shall be authorized to transact insurance in Georgia which has or uses a name so similar to that of any insurer already so authorized as to cause uncertainty or confusion, except that, in case of conflict of names between two insurers, the Commissioner may permit or…
O.C.G.A. § 33-3-14 Application fee
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33-3-15. Issuance or refusal of certificate of authority generally; determining whether insurer meets definition of reinsurer; designation on certificate. 33-3-16. Expiration of certificate; procedure for renewal; amendment of certificate by Commissioner. 33-3-17. Discretionary refusa…
O.C.G.A. § 33-3-16 Fair access to insurance requirements
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Judicial review of commissioner, §33-33-7. Powers of commissioner, §33-33-4.
O.C.G.A. § 33-3-17 Discretionary refusal, revocation, or suspension of certificate generally
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In addition to any other grounds set forth in this title, the Commissioner may refuse to issue a certificate of authority or after a hearing refuse to renew or may revoke or suspend an insurer’s certificate of authority or place an insurer under administrative supervision if the in…
O.C.G.A. § 33-3-18 Rehabilitation and liquidation
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Conservator of alien or foreign insurer’s property. Commissioner appointed as, §33-37-49. CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT (COBRA). Assumption reinsurance agreements. Right to keep policy in force not to include right to elect individual coverage under, §33-52-2. CO…
O.C.G.A. § 33-3-19 Mandatory refusal, revocation, or suspension of certificate
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The Commissioner shall refuse to issue or to renew or shall revoke or suspend an insurer’s certificate of authority: (1) If such action is required by any provision of this title; or (2) If the insurer no longer meets the requirements for the authority originally granted on accoun…
O.C.G.A. § 33-3-2 Definitions
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Certificate of authority required for transaction of insurance within state; exceptions. 33-3-3. Qualifications for transaction of insurance generally; transaction of insurance by insurers owned by states, foreign governments. 33-3-4. Kinds of insurance in which insurers may transa…
O.C.G.A. § 33-3-20 Improper claims settlement, §33-6-33
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Payment of claims generally, §§33-24-41 to 33-24-43. Settlement of claims generally, §§33-6-30 to 33-6-37, 33-24-41.1. Unfair claims settlement practices, §33-6-34. Bank holding companies.
O.C.G.A. § 33-3-23 Insurance company deposits
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Designation of trust companies as depositories, §33-12-4. Insurance premium finance companies. Applicability of chapter to, §33-22-16. Inter-American development bank. Insurer’s investments in obligations, §33-11-18. International bank for reconstruction and development. Insurer’s…
O.C.G.A. § 33-3-24 FINES
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Fraternal benefit societies. False or fraudulent statements in application for membership, §33-15-122. False or fraudulent statements in verified report or declaration, §33-15-122. Misrepresentations, false or misleading statements, etc., concerning contracts, §33-15-122. Solicitin…
O.C.G.A. § 33-3-25 Generally, §33-3-25
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Requirements, §33-3-25. Liability insurance, §33-24-41.1. Life insurance. Applications. Requirements, §33-24-6. INSURANCE —Cont’d Policies —Cont’d Life insurance —Cont’d Combination or part of other policies of insurance. Issuance or delivery of policies, §33-25-9. Contesting of …
O.C.G.A. § 33-3-26 Retaliation
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(a) When by or pursuant to the laws of any other state or foreign country any taxes, licenses, and other fees in the aggregate and any fines, penalties, deposit requirements, or other material obligations, prohibitions, or restrictions are or would be imposed upon Georgia insurers…
O.C.G.A. § 33-3-27 Reports of awards under medical malpractice insurance policies
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(a) For the purposes of this Code section, the term: (1) ‘‘High/low agreement’’ means a settlement in which a defendant agrees to pay the plaintiff a minimum recovery in return for the plaintiff’s agreement to accept a maximum amount regardless of the outcome of the trial. (2) ‘‘…
O.C.G.A. § 33-3-28 Political subdivisions
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Injuries resulting from governmental ownership and use of motor vehicles, §33-24-51. Premium finance companies, §§33-22-1 to 33-22-16. Premiums. Discount. Workers’ compensation insurance. Drug-free workplace program, §33-9-40.2. Work based learning employers, certification as, §33-…
O.C.G.A. § 33-3-29 Licensing of foreign state insurers as domestic insurers
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(a) Any insurer which is organized under the laws of any other state and is admitted to do business in this state for the purpose of writing insurance may become a domestic insurer by complying with all of the requirements of this title relative to the organization and licensing …
O.C.G.A. § 33-3-3 Stays
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Rehabilitation and liquidation. Stay of proceeding during pendency of liquidation proceeding, §33-37-56. Stock and stockholders.
O.C.G.A. § 33-3-30 Automobile clubs
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Not subject to insurance laws. Performing defined services, §§33-61-1, 33-61-2. Bad faith refusal to pay claims, §§33-3-20, 33-4-6. Diligence in processing claims, §33-3-20. Improper claims settlement, §33-6-33.
O.C.G.A. § 33-3-4 Kinds of insurance in which insurers may transact
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An insurer which otherwise qualifies to transact insurance in Georgia may be authorized to transact any one kind or combination of kinds of insurance as defined in Chapter 7 of this title except: (1) A reciprocal insurer shall not transact life insurance; (2) A Lloyd’s insurer shal…
O.C.G.A. § 33-3-5 Classification of kinds of insurance
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For the purpose of this chapter, the kinds of insurance defined in Chapter 7 of this title shall be arranged in the following six classes: (1) Life, accident, and sickness; (2) Property, marine, and transportation; (3) Casualty; (4) Surety; (5) Title; and (6) Health maintenance or…
O.C.G.A. § 33-3-6 Requirements as to capital stock or surplus generally
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(a) On or after July 1, 2000, to qualify for an original certificate of authority to transact one or more classes of insurance, an insurer shall possess and thereafter maintain a minimum of $1.5 million in capital stock or in surplus. (b) As to surplus required for initial qualific…
O.C.G.A. § 33-3-7 Requirement of surplus for new insurers
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In addition to the minimum paid-in capital or minimum surplus of insurers required by this title, an insurer shall possess when first authorized in this state and thereafter maintain surplus or additional surplus equal to the larger of $1.5 million if a stock, mutual, or reciproca…
O.C.G.A. § 33-3-8 Requirements as to deposit of securities generally
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(a) The Commissioner shall not issue a certificate of authority to transact insurance to any insurer unless the insurer has deposited in trust with this state securities eligible for the investment of capital funds of domestic insurers under this title in an amount not less than t…