---
title: O.C.G.A. § 33-14-102. Approval of operation plan and certificate of authority requirements; certain disclosure requirements; examination by Commissioner.
collection: code
id: 33-14-102
cite_as: O.C.G.A. § 33-14-102 (2025)
canonical_url: https://georgiacommons.org/code/33-14-102
md_url: https://georgiacommons.org/code/33-14-102.md
text_url: https://georgiacommons.org/code/33-14-102/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=706
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.
up: https://georgiacommons.org/code/33-14.md
previous: https://georgiacommons.org/code/33-14-101.md
next: https://georgiacommons.org/code/33-14-103.md
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. § 33-14-102. Approval of operation plan and certificate of authority requirements; certain disclosure requirements; examination by Commissioner.

(a) Before assuming risk under a reinsurance agreement, a limited purpose subsidiary must:

(1) Obtain from the Commissioner approval of the limited purpose subsidiary’s plan of operation; and

(2) Be granted a certificate of authority to engage in the business of reinsurance in Georgia.

(b) A limited purpose subsidiary shall produce or disclose in its plan of operation, amendments, and records, books, documents, reports, and other information that the Commissioner requires the limited purpose subsidiary to produce or disclose under:

(1) This article;

(2) Rules adopted pursuant to this article; or

(3) An order pursuant to an examination performed in accordance with the provisions of Chapter 2 of this title.

(c) The Commissioner shall examine domestic limited purpose subsidiaries pursuant to Code Section 33-2-11.

## History

Code 1981, § 33-14-102, enacted by Ga. L. 2011, p. 446, § 1/HB 341.