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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 40. RISK RETENTION GROUPS

33-40-9. Prohibited acts.

Active

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

  1. The following acts by a risk retention group are prohibited:

  2. (1)

    The solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in such group; and#

  3. (2)

    The solicitation or sale of insurance by, or operation of, a risk retention group that is in a hazardous financial condition or is financially impaired.#

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, § 33-40-9, enacted by Ga. L. 1987, p. 875, § 1.

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-ch23-65-(v25)-2020-pdf.pdf, Volume V25, 2020 edition, pages 856 to 857; merge action: carried; file SHA-256 1cdfeaa4b73e.