---
title: O.C.G.A. § 33-14-100. Definitions.
collection: code
id: 33-14-100
cite_as: O.C.G.A. § 33-14-100 (2025)
canonical_url: https://georgiacommons.org/code/33-14-100
md_url: https://georgiacommons.org/code/33-14-100.md
text_url: https://georgiacommons.org/code/33-14-100/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch1-22-(v24)-2020-pdf.pdf?sfvrsn=a873240d_0#page=705
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: INSURANCE / DOMESTIC STOCK AND MUTUAL INSURERS / LIMITED PURPOSE SUBSIDIARY INSURANCE COMPANIES
---

# O.C.G.A. § 33-14-100. Definitions.

As used in this article, the term:

(1) ‘‘Limited purpose subsidiary’’ means a subsidiary life, accident, and sickness reinsurer that is organized under this article and is wholly owned by an organizing domestic reinsurer.

(2) ‘‘Organizing domestic reinsurer’’ means a domestic life, accident, and sickness reinsurer that organizes a limited purpose subsidiary under this article.

(3) ‘‘Reinsurer’’ means an insurer that:

(A) Is principally engaged in the business of reinsurance;

(B) Does not conduct a significant amount of direct insurance as a percentage of the insurer’s net premiums; and

(C) Is not engaged on an ongoing basis in the business of soliciting direct insurance.

(4) ‘‘Risk’’ means a risk that is associated with an insurance policy or annuity that is assumed by an organizing domestic reinsurer and for which the organizing domestic reinsurer is required to hold statutory reserves for the policy or annuity.

## History

Code 1981, § 33-14-100, enacted by Ga. L. 2011, p. 446, § 1/HB 341.