™Your Policy Risk Impact Agent
73 chapters · 1,492 sections in this title.
O.C.G.A. § 33-52-1 Applicability of chapter
1.1K chars
(a) This chapter shall apply to any insurer authorized or doing business in this state which transfers or assumes the obligations or risks on contracts of insurance written or assumed in this state to or from another insurer pursuant to an assumption reinsurance agreement. (b) Th…
O.C.G.A. § 33-52-2 Definitions
2.4K chars
As used in this chapter: (1) ‘‘Assuming insurer’’ means the insurer which acquires an insurance obligation or risk from the transferring insurer pursuant to an assumption reinsurance agreement. (2) ‘‘Assumption reinsurance agreement’’ means any contract which both: (A) Transfers …
O.C.G.A. § 33-52-3 Notice of transfer; contents and form of notice; prior approval of Commissioner
2.1K chars
(a)(1) The transferring insurer shall provide or cause to be provided to each policyholder by first-class mail, addressed to the policyholder’s last known address or to the address to which premium notices or other policy documents are sent, a notice of transfer; provided, however…
O.C.G.A. § 33-52-4 Rejection of transaction by policyholders; receipt of notice; transfers involving companies deemed to be in hazardous condition
1.9K chars
(a) Every policyholder shall have the right to reject the transfer and novation of his or her contract of insurance. Policyholders electing to reject the assumption transaction shall provide the transferring insurer with the pre-addressed, postage-paid response card or other writ…