---
title: O.C.G.A. § 33-40-3. Risk retention groups chartered in this state.
collection: code
id: 33-40-3
cite_as: O.C.G.A. § 33-40-3 (2025)
canonical_url: https://georgiacommons.org/code/33-40-3
md_url: https://georgiacommons.org/code/33-40-3.md
text_url: https://georgiacommons.org/code/33-40-3/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch23-65-(v25)-2020-pdf.pdf?sfvrsn=68297_0#page=854
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/33-40.md
previous: https://georgiacommons.org/code/33-40-2.md
next: https://georgiacommons.org/code/33-40-4.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 / RISK RETENTION GROUPS
---

# O.C.G.A. § 33-40-3. Risk retention groups chartered in this state.

A risk retention group seeking to be chartered in this state must be chartered and licensed as a casualty or liability insurance company as provided in this title or as a risk retention group captive insurance company under Chapter 41 of this title and, except as provided elsewhere in this chapter or in Chapter 41, as applicable, must comply with all of the laws, rules, regulations, and requirements applicable to such insurers chartered and licensed in this state and with Code Section 33-40-4 to the extent such requirements are not a limitation on laws, rules, regulations, or requirements of this state. Before it may offer insurance in any state, each risk retention group shall also submit for approval to the Commissioner a plan of operation or a feasibility study and revisions of such plan or study if the group intends to offer any additional lines of casualty or liability insurance.

## History

Code 1981, § 33-40-3, enacted by Ga. L. 1987, p. 875, § 1; Ga. L. 1988, p. 966, § 1.