---
title: O.C.G.A. § 33-41-7. Directors or managers.
collection: code
id: 33-41-7
cite_as: O.C.G.A. § 33-41-7 (2025)
canonical_url: https://georgiacommons.org/code/33-41-7
md_url: https://georgiacommons.org/code/33-41-7.md
text_url: https://georgiacommons.org/code/33-41-7/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=873
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/33-41-6.md
next: https://georgiacommons.org/code/33-41-8.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 / CAPTIVE INSURANCE COMPANIES / GENERAL PROVISIONS
---

# O.C.G.A. § 33-41-7. Directors or managers.

(a) The affairs of every captive insurance company shall be managed by not less than three directors or managers.

(b) At least one of the directors or managers of every captive insurance company shall be a resident of this state.

(c) Every captive insurance company shall report to the Commissioner within 30 days after any change in its directors or managers including in its report a statement of the business and professional background and affiliations of any new director or manager.

## History

Code 1981, § 33-41-7, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2015, p. 377, § 1-3/HB 552; Ga. L. 2016, p. 825, § 1/SB 347; Ga. L. 2017, p. 682, § 6/SB 173.