Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 13. INSURANCE HOLDING COMPANY SYSTEMS · Article 2. OWN RISK AND SOLVENCY ASSESSMENT REPORT

33-13-39. Penalty for noncompliance.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Any insurer failing, without just cause, to timely file the ORSA Summary Report as required in this article may be subject to any penalty set forth in subsection (g) of Code Section 33-2-24. The Commissioner may reduce the monetary penalty if the insurer demonstrates to the Commissioner that the imposition of the monetary penalty would constitute a financial hardship to the insurer.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

Code 1981, § 33-13-39, enacted by Ga. L. 2015, p. 608, § 2/SB 108.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, page 641; merge action: carried; file SHA-256 4ecec175d949.