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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 47. MANAGING GENERAL AGENTS

33-47-3. License required; surety bond; errors and omissions policy.

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

  1. (a)

    No person, firm, association, or corporation shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless such person is a licensed producer in this state.#

  2. (b)

    No person, firm, association, or corporation shall act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless such person is licensed as a producer in this state pursuant to the provisions of this chapter.#

  3. (c)

    The Commissioner may require the managing general agent to maintain a surety bond in an amount acceptable to him for the protection of the insurer. The Commissioner may require the managing general agent to maintain an errors and omissions policy.#

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, § 33-47-3, enacted by Ga. L. 1991, p. 1424, § 8.

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 944 to 945; merge action: carried; file SHA-256 1cdfeaa4b73e.