Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 23. LICENSING · Article 1. AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS

33-23-43.6. Funds held in fiduciary capacity; authorization for disclosure.

Active

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

(a)
All funds received as claim proceeds by an adjuster acting as a public adjuster are received and held by such adjuster in a fiduciary capacity. Such adjuster shall not divert or misappropriate fiduciary funds received or held.#
(b)
An applicant for a license to act as a public adjuster shall, as part of the application, endorse an authorization for disclosure to the Commissioner of all financial records of any funds such adjuster holds and will hold as a fiduciary. The authorization continues in force and effect for as long as such adjuster continues to be licensed under this article.#

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 1981, § 33-23-43.6, enacted by Ga. L. 2021, p. 365, § 4/HB 254.

Effective date

This Code section became effective July 1, 2021.

Read the official page (the state's PDF, opened at the page this text was read from).

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

Text read from t33-ch23-66-(v25)-pdf.pdf, Volume V25, 2020 edition, 2025 supplement, page 42; merge action: added; file SHA-256 e6be8da2a3c1.

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