™Your Policy Risk Impact Agent
73 chapters · 1,492 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.
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. (3)(A) ‘‘Managing general agent’’ means any person, firm, association, or cor…
O.C.G.A. § 33-47-3 License required; surety bond; errors and omissions policy
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(a) No person, firm, association, or corporation shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless such person is a licensed producer in this state. (b) No person, firm, association, or cor…
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…