---
title: O.C.G.A. § 33-47-3. License required; surety bond; errors and omissions policy.
collection: code
id: 33-47-3
cite_as: O.C.G.A. § 33-47-3 (2025)
canonical_url: https://georgiacommons.org/code/33-47-3
md_url: https://georgiacommons.org/code/33-47-3.md
text_url: https://georgiacommons.org/code/33-47-3/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=944
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/33-47.md
previous: https://georgiacommons.org/code/33-47-2.md
next: https://georgiacommons.org/code/33-47-4.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 / MANAGING GENERAL AGENTS
---

# O.C.G.A. § 33-47-3. License required; surety bond; errors and omissions policy.

(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.

(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.

(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.

## History

Code 1981, § 33-47-3, enacted by Ga. L. 1991, p. 1424, § 8.