Title 33 — Title 33
0 chapters · 1,218 sections in this title.
O.C.G.A. § 33-47-1 Short title
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This chapter shall be known and may be cited as the ‘‘Managing General Agents Act.’’ History. — Code 1981, § 33-47-1, enacted by Ga. L. 1991, p. 1424, § 8. 33-47-2. Definitions.
O.C.G.A. § 33-47-2 Definitions
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As used in this chapter, the term: (1) ‘‘Actuary’’ means a person who is a member in good standing of the American Academy of Actuaries. (2) ‘‘Insurer’’ means an insurer as defined in Code Section 33-1-2. 927 33-47-3 (3)(A) ‘‘Managing general agent’’ means any person, firm, associa…
O.C.G.A. § 33-47-3 Short title
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Definitions. License required; surety bond; errors and omissions policy. 33-47-4. Written contract with insurer required; contents. 33-47-4.1. Fully earned policy fees.
O.C.G.A. § 33-47-4 Written contract with insurer required; contents
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No person, firm, association, or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract between the parties which sets forth the responsibilities of each party and where both parties share res…
O.C.G.A. § 33-47-4.1 Fully earned policy fees
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No licensed managing general agent may charge a fully earned policy fee in connection with the issuance of an insurance policy unless such fee shall be a component of the insurer’s rate filing. No fully earned policy fee may exceed $25.00. History. — Code 1981, § 33-47-4.1, enacte…
O.C.G.A. § 33-47-5 Life settlements act
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Examination of licensees. Examiners, §33-59-7. Managed health care plans. Patient’s right to independent review. Independent review organization, §33-20A-39. CONFLICTS OF LAW.
O.C.G.A. § 33-47-6 Principal and agent relationship created
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The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer. History. — Code 1981, § 33-47-6, enacted by Ga. L. 1991, p. 1424, § 8. 33-47-7. Violation of chapt…
O.C.G.A. § 33-47-7 Violation of chapter; penalties
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(a) If the Commissioner finds, after a hearing conducted in accordance with Chapter 2 of this title, that any person has violated any provision of this chapter, the Commissioner may order: (1) For each separate violation, a penalty in an amount not to exceed $10,000.00; (2) Revoca…