---
title: O.C.G.A. § 33-41-4. Prerequisites to transacting insurance.
collection: code
id: 33-41-4
cite_as: O.C.G.A. § 33-41-4 (2025)
canonical_url: https://georgiacommons.org/code/33-41-4
md_url: https://georgiacommons.org/code/33-41-4.md
text_url: https://georgiacommons.org/code/33-41-4/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=867
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/33-41.md
previous: https://georgiacommons.org/code/33-41-3.md
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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 / CAPTIVE INSURANCE COMPANIES / GENERAL PROVISIONS
---

# O.C.G.A. § 33-41-4. Prerequisites to transacting insurance.

No captive insurance company may transact any insurance in this state unless:

(1) It first obtains from the Commissioner a certificate of authority authorizing it to transact insurance in this state;

(2) It maintains its principal place of business in this state;

(3) Any organization providing the principal administrative or management services to such captive insurance company shall be approved by the Commissioner;

(4) Its board of directors or board of managers holds at least one meeting each year in this state; and

(5) It appoints a registered agent to accept service of process in this state, provided that, whenever such registered agent cannot with reasonable diligence be found at the registered office of the captive insurance company, the Commissioner shall be an agent of such captive insurance company upon whom any process, notice, or demand may be served.

## History

Code 1981, § 33-41-4, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2015, p. 377, § 1-2/HB 552; Ga. L. 2016, p. 825, § 1/SB 347; Ga. L. 2017, p. 682, § 3/SB 173; Ga. L. 2019, p. 533, § 2-4/HB 99.

The 2019 amendment, effective July 1, 2019, deleted ‘‘and’’ at the end of paragraph (3), substituted ‘‘; and’’ for the period at the end of paragraph (4), and added paragraph (5).