33-20-28. Termination of organizers, agents, solicitors engaging in unfair or deceptive practices.

Active

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

Whenever the Commissioner finds after investigation that an organizer, agent, or solicitor of a health care corporation has unfairly or improperly solicited subscription certificates by misrepresenting the terms of the certificates or has engaged in any other unfair or deceptive practice, or for any reason is incompetent to serve as an organizer, agent, or solicitor, or that his or her services are not, in fact, needed, he or she shall order such corporation to dispense with the services and the organizer, agent, or solicitor of the corporation. The corporation shall be subject to the fines, penalties, and provisions of Chapter 6 of this title and Code Section 33-2-24 that are applicable to life insurers and their agents and that are not inconsistent with this chapter.

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.

History

Code 1933, § 56-1726a, enacted by Ga. L. 1976, p. 1461, § 1; Ga. L. 2019, p. 337, § 1-86/SB 132. The 2019 amendment, effective July 1, 2019, in the first sentence, substituted ‘‘organizer, agent, or solicitor’’ for ‘‘organizer, solicitor, or agent’’ in two places and inserted ‘‘or her’’ and ‘‘or she’’; and substituted ‘‘The corporation’’ for ‘‘The corporations’’ at the beginning of the second sentence.

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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, pages 802 to 803; merge action: carried; file SHA-256 4ecec175d949.