™Your Policy Risk Impact Agent
73 chapters · 1,492 sections in this title.
O.C.G.A. § 33-13-11 Violations of this article
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(a) Any insurer failing, without just cause, to file any registration statement as required in this article shall be required, after notice and hearing, to pay a penalty of $1,000.00 for each day’s delay. The maximum penalty under this Code section is $50,000.00. The Commis613 sio…
O.C.G.A. § 33-13-12 Receivership
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Whenever it appears to the Commissioner that any person has committed a violation of this article which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, s…
O.C.G.A. § 33-13-13 Revocation, suspension, or nonrenewal of license or authority to do business
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Whenever it appears to the Commissioner that any person has committed a violation of this article which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the Commissioner may, after giving notice and an opportunity to be heard, …
O.C.G.A. § 33-13-14 Recovery by receiver of distributions paid in event of liquidation, rehabilitation, or conservation of insurer
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(a) If an order for the liquidation, rehabilitation, or conservation of an insurer authorized to do business in this state is entered under Chapter 37 of this title, the receiver appointed under the order shall have a right to recover on behalf of the insurer (i) from any parent …