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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 5. REGULATION OF UNAUTHORIZED INSURERS · Article 2. SURPLUS LINE INSURANCE · Part 1. GENERAL PROVISIONS

33-5-23. Revocation or suspension of broker’s license.

Active

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

  1. (a)

    The Commissioner shall revoke any surplus line broker’s license:#

    1. (1)

      If the broker fails to file his quarterly affidavit or to remit the tax as required by law;#

    2. (2)

      If the broker fails to maintain an office in this state, or to keep records, or to allow the Commissioner to examine his records as required by law; or#

    3. (3)

      For any of the causes for which an agent’s license may be revoked.#

  2. (b)

    The Commissioner may revoke or suspend any or all such licenses whenever he deems such suspension or revocation to be in the best interests of the people of this state.#

  3. (c)

    The procedures provided in Article 1 of Chapter 23 of this title for the suspension or revocation of agents’ licenses shall be applicable to suspension or revocation of a surplus line broker’s license.#

  4. (d)

    No broker whose license has been so revoked shall again be so licensed within five years thereafter nor until any penalties or delinquent taxes owing by him or her have been paid.#

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 1933, § 56-625, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1972, p. 1220, § 5; Ga. L. 1982, p. 3, § 33; Ga. L. 1993, p. 91, § 33; Ga. L. 2019, p. 337, § 1-27/SB 132. The 2019 amendment, effective July 1, 2019, in subsection (d), substituted ‘‘within five years’’ for ‘‘within two years’’ and inserted ‘‘or her’’.

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-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, pages 209 to 210; merge action: carried; file SHA-256 4ecec175d949.