Georgia CommonsTitle 33. INSURANCE · Chapter 3. AUTHORIZATION AND GENERAL REQUIREMENTS FOR TRANSACTION OF INSURANCE
33-3-4. Kinds of insurance in which insurers may transact.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
An insurer which otherwise qualifies to transact insurance in Georgia may be authorized to transact any one kind or combination of kinds of insurance as defined in Chapter 7 of this title except:
- (1)
A reciprocal insurer shall not transact life insurance;#
- (2)
A Lloyd’s insurer shall not transact life insurance; and#
- (3)
A title insurer shall be a stock insurer and shall be authorized to transact only title insurance and closing protection letters, pursuant to Code Section 33-7-8.1.#
History
Code 1933, § 56-304, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1982, p. 3, § 33; Ga. L. 2012, p. 1077, § 1/SB 331; Ga. L. 2019, p. 337, § 1-15/SB 132. The 2019 amendment, effective July 1, 2019, deleted ‘‘, except that, if immediately prior to January 1, 1961, any title insurer lawfully held a subsisting certificate of authority granting it the right to transact in Georgia additional classes of insurance other than title insurance, so long as the insurer is otherwise in compliance with this title, the Commissioner shall continue to authorize such insurer to transact the same classes of insurance as those specified in such prior certificate of authority’’ following ‘‘Code Section 33-7-8.1’’ at the end of paragraph (3).
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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 105 to 106; merge action: carried; file SHA-256 4ecec175d949.
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