™Your Policy Risk Impact Agent
73 chapters · 1,492 sections in this title.
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 Insurer’s oversight responsibilities; notice to Commissioner of relationship with managing general agent; conflict of interest
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(a) The insurer shall have on file an independent financial examination, in a form acceptable to the Commissioner, of each managing general agent with which it has done business. (b) If a managing general agent establishes loss reserves, the insurer shall annually obtain the opinio…
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.
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…