Título 33. INSURANCE · Capítulo 14. DOMESTIC STOCK AND MUTUAL INSURERS · Artículo 5. LIMITED PURPOSE SUBSIDIARY INSURANCE COMPANIES
33-14-109. Adoption of rules.
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.
- (a)
The Commissioner shall, before approving a limited purpose subsidiary under this article, adopt rules pursuant to Code Section 33-2-9 to implement this article.#
- (b)
The rules adopted under subsection (a) of this Code section shall address, but not be limited to, the following concerning limited purpose subsidiaries:#
- (1)
Requirements for organization of a limited purpose subsidiary;#
- (2)
Requirements for a plan of operation;#
- (3)
Capital, surplus, and risk-based capital requirements;#
- (4)
Requirements for reporting and notifications;#
- (5)
Requirements for reserves, including actuarial certification;#
- (6)
Requirements for authorized investments;#
- (7)
Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary;#
- (8)
Requirements and restrictions for material transactions;#
- (9)
Requirements for dividends and distributions;#
- (10)
Requirements for operations; and#
- (11)
Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.#
History
Code 1981, § 33-14-109, 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 708 a 709; acción de fusión: carried; SHA-256 del archivo 4ecec175d949.