---
title: O.C.G.A. § 33-49-11. Violations; penalties.
collection: code
id: 33-49-11
cite_as: O.C.G.A. § 33-49-11 (2025)
canonical_url: https://georgiacommons.org/code/33-49-11
md_url: https://georgiacommons.org/code/33-49-11.md
text_url: https://georgiacommons.org/code/33-49-11/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=966
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/33-49.md
previous: https://georgiacommons.org/code/33-49-10.md
next: https://georgiacommons.org/code/33-50-1.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 / REINSURANCE INTERMEDIARIES
---

# O.C.G.A. § 33-49-11. Violations; penalties.

(a) A reinsurance intermediary, insurer, or reinsurer found by the Commissioner, after a hearing conducted in accordance with Chapter 2 of this title, to be in violation of any provision of this chapter, shall:

(1) For each separate violation, pay a penalty in an amount not exceeding $10,000.00;

(2) Be subject to revocation or suspension of its license; and

(3) If a violation was committed by the reinsurance intermediary, such reinsurance intermediary shall make restitution to the insurer, reinsurer, rehabilitator, or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to such violation.

(b) The decision, determination, or order of the Commissioner pursuant to subsection (a) of this Code section shall be subject to judicial review pursuant to Chapter 2 of this title.

(c) Nothing contained in this Code section shall affect the right of the Commissioner to impose any other penalties provided in this title.

(d) Nothing contained in this chapter is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, creditors, or other third parties or confer any rights to such persons.

## History

Code 1981, § 33-49-11, enacted by Ga. L. 1991, p. 1424, § 8.

## Code Commission Notes

Pursuant to Code Section 28-9-5, in 1991, ‘‘Code’’ was inserted preceding ‘‘section’’ in subsection (c).