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Georgia Statutes, Title 33

Georgia/Statutes

← All Georgia coverage

Title 33

73 chapters · 1,492 sections in this title.

All chapters in Title 331,492 Ch 24, INSURANCE GENERALLY134 Ch 14, DOMESTIC STOCK AND MUTUAL INSURERS78 Ch 11, INVESTMENTS72 Ch 23, LICENSING62 Ch 37, INSURERS REHABILITATION AND LIQUIDATION59 Ch 9, REGULATION OF RATES, UNDERWRITING RU…49 Ch 15, FRATERNAL BENEFIT SOCIETIES38 Ch 5, REGULATION OF UNAUTHORIZED INSURERS37 Ch 41, CAPTIVE INSURANCE COMPANIES34 Ch 20, HEALTH CARE PLANS33 Ch 3, AUTHORIZATION AND GENERAL REQUIREMEN…32 Ch 2, DEPARTMENT AND COMMISSIONER31 Ch 17, RECIPROCAL INSURERS31 Ch 21, HEALTH MAINTENANCE ORGANIZATIONS31

12 sections·Filtered byTitle 33✕Ch 56✕

O.C.G.A. § 33-56-1 Deﬁnitions
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As used in this chapter, the term: (1) ‘‘Adjusted RBC report’’ means an RBC report which has been adjusted in accordance with subsection (e) of Code Section 33-56-2. (2) ‘‘Corrective order’’ means an order issued by the Commissioner specifying corrective actions which the Commiss…
O.C.G.A. § 33-56-10 Foreign insurers; responsibility of domestic insurers to other states
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(a) Any foreign insurer shall, upon the written request of the Commissioner, submit to the Commissioner an RBC report as of the end of the previous calendar year the later of: (1) The date an RBC report would be required to be ﬁled by a domestic insurer under this chapter; or (2)…
O.C.G.A. § 33-56-11 Immunity of Commissioner and department
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There shall be no liability on the part of, and no cause of action shall arise against, the Commissioner or the department or its employees or agents for any action taken by them in the performance of their powers and duties under this chapter. History. — Code 1981, § 33-56-11, e…
O.C.G.A. § 33-56-13 Effective date of notices by Commissioner
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All notices by the Commissioner to an insurer which may result in regulatory action under this chapter shall be effective upon dispatch if transmitted by registered or certiﬁed mail or statutory overnight delivery or, in the case of any other transmission, shall be effective upon…

O.C.G.A. § 33-56-2 Annual risk-based capital level report required; computations

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(a) Every domestic insurer shall, on or prior to each March 1, prepare and submit to the Commissioner a report of its RBC levels, as of the end of the previous calendar year, containing such information as is required by the RBC instructions. In addition, every domestic insurer s…

O.C.G.A. § 33-56-3 Company action level events; preparation and submission of risk-based capital level plan; hearing; out-of-state ﬁling

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(a) As used in this Code section, ‘‘company action level event’’ means any of the following events: (1) The ﬁling of an RBC report by an insurer which indicates that: (A) The insurer’s total adjusted capital is greater than or equal to its regulatory action level RBC but less tha…

O.C.G.A. § 33-56-4 Regulatory action level events; preparation and submission of risk-based capital level plan; determination of corrective actions; hearing; expenses

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(a) For the purposes of this Code section, ‘‘regulatory action level event’’ means, with respect to any insurer, any of the following events: (1) The ﬁling of an RBC report by the insurer which indicates that the insurer’s total adjusted capital is greater than or equal to its au…

O.C.G.A. § 33-56-5 Authorized control level events; actions by Commissioner

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(a) For the purposes of this Code section, ‘‘authorized control level event’’ means any of the following events: (1) The ﬁling of an RBC report by the insurer which indicates that the insurer’s total adjusted capital is greater than or equal to its mandatory control level RBC but…

O.C.G.A. § 33-56-6 Mandatory control level events; actions by Commissioner

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(a) For purposes of this Code section, ‘‘mandatory control level event’’ means any of the following events: (1) The ﬁling of an RBC report which indicates that the insurer’s total adjusted capital is less than its mandatory control level RBC; (2) Notiﬁcation by the Commissioner t…

O.C.G.A. § 33-56-7 Notiﬁcation to insurer of determination or action by Commissioner; right to hearing

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Upon notiﬁcation: (1) To an insurer by the Commissioner of an adjusted RBC report; (2) To an insurer by the Commissioner that: (A) The insurer’s RBC plan or revised RBC plan is unsatisfactory; and (B) Such notiﬁcation constitutes a regulatory action level event with respect to su…

O.C.G.A. § 33-56-8 Conﬁdentiality of certain information and corrective orders

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(a) Notwithstanding the provisions of Article 4 of Chapter 18 of Title 50, all RBC reports, to the extent the information therein is not required to be set forth in a publicly available annual statement schedule, and RBC plans, including the results or report of any examination o…

O.C.G.A. § 33-56-9 Chapter supplemental to other laws; exemption for certain domestic property and casualty insurance

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(a) The provisions of this chapter are supplemental to any other provisions of the laws of this state and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including, but not limited to, Chapters 2, 3, 13, 14, 20, 21, and 37 of this title…