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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 3. AUTHORIZATION AND GENERAL REQUIREMENTS FOR TRANSACTION OF INSURANCE

33-3-1. Definitions.

Active

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

  1. As used in this chapter, the term:

  2. (1)

    ‘‘Administrative supervision’’ means the continued operation of the company under supervision of the Commissioner in accordance with regulations promulgated by the Commissioner.#

  3. (2)

    ‘‘Alien’’ insurer means an insurer formed under the laws of a country other than the United States.#

  4. (3)

    ‘‘Charter’’ means articles of incorporation, articles of agreement, articles of association, or other basic constituent document of a corporation; subscribers’ agreement and power of attorney of a reciprocal insurer; or underwriters’ agreement and power of attorney of a Lloyd’s insurer.#

  5. (4)

    ‘‘Domestic’’ insurer means an insurer formed under the laws of Georgia.#

  6. (5)

    ‘‘Foreign’’ insurer means an insurer formed under the laws of another state or government of the United States.#

  7. (6)

    ‘‘State’’ means any state, commonwealth, territory, or district of the United States.#

  8. (7)

    ‘‘United States’’ includes the states, territories, districts, and commonwealths of the United States.#

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, § 56-301, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1992, p. 2877, § 4.

Law reviews

For article discussing restrictions on the establishment and transaction of business by a foreign insurer in Georgia with emphasis on threshold requirements for establishment by alien insurers, see 27 Mercer L. Rev. 629 (1976).

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-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, pages 100 to 101; merge action: carried; file SHA-256 4ecec175d949.