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Georgia Commons

Código Oficial de Georgia Anotado

Título 33. INSURANCE · Capítulo 14. DOMESTIC STOCK AND MUTUAL INSURERS · Artículo 5. LIMITED PURPOSE SUBSIDIARY INSURANCE COMPANIES

33-14-100. Definitions.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. As used in this article, the term:

  2. (1)

    ‘‘Limited purpose subsidiary’’ means a subsidiary life, accident, and sickness reinsurer that is organized under this article and is wholly owned by an organizing domestic reinsurer.#

  3. (2)

    ‘‘Organizing domestic reinsurer’’ means a domestic life, accident, and sickness reinsurer that organizes a limited purpose subsidiary under this article.#

  4. (3)

    ‘‘Reinsurer’’ means an insurer that:#

    1. (A)

      Is principally engaged in the business of reinsurance;#

    2. (B)

      Does not conduct a significant amount of direct insurance as a percentage of the insurer’s net premiums; and#

    3. (C)

      Is not engaged on an ongoing basis in the business of soliciting direct insurance.#

  5. (4)

    ‘‘Risk’’ means a risk that is associated with an insurance policy or annuity that is assumed by an organizing domestic reinsurer and for which the organizing domestic reinsurer is required to hold statutory reserves for the policy or annuity.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 33-14-100, enacted by Ga. L. 2011, p. 446, § 1/HB 341.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t33-ch1-22-(v24)-2020-pdf.pdf, Volumen V24, edición 2020, páginas 705 a 706; acción de fusión: carried; SHA-256 del archivo 4ecec175d949.