Ir al contenido
Georgia Commons

Código Oficial de Georgia Anotado

Título 33. INSURANCE · Capítulo 23. LICENSING · Artículo 1. AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS

33-23-37. Licensing of surplus lines broker; application; bond; written examination.

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. (a)

    Nothing in this chapter shall prevent the placing of surplus lines of insurance when authorized and permitted under this title.#

  2. (b)

    Any person, while licensed as a resident agent as to property, casualty, and surety insurance and who is deemed by the Commissioner to be competent and trustworthy, may be licensed as a surplus lines broker as follows:#

    1. (1)

      Application to the Commissioner for the license shall be on forms furnished by the Commissioner;#

    2. (2)

      The license fee shall be in an amount as provided in Code Section 33-8-1;#

    3. (3)

      Each license shall be issued on a biennial basis and shall expire on the last day of the licensee’s birth month and may be renewed by filing an application and paying the prescribed fee in accordance with this Code section;#

    4. (4)

      Prior to the issuance of the license or any renewal of the license, the applicant shall file a bond with the Commissioner or his or her successor in office, for the benefit of any person injured by the violation of the conditions provided in this paragraph. The bond shall be executed by the applicant as principal and by a corporate surety authorized to do business in this state and shall be in the penal sum of $50,000.00, conditioned that the applicant will comply with the following:#

      1. (A)

        Place insurance only in compliance with Code Section 33-5-25;#

      2. (B)

        Remit promptly the taxes provided in Code Section 33-5-31;#

      3. (C)

        Account to any person requesting him or her to obtain insurance for funds or premiums collected in connection with such insurance; and#

      4. (D)

        Otherwise conduct business in accordance with this title.#

      5. The bond shall not be terminated unless prior to such termination 30 days’ written notice is filed with the Commissioner; and

    5. (5)

      Each applicant for a license to act as a surplus lines broker shall submit to a personal written examination to determine his or her competence, unless the applicant is licensed as a surplus lines broker in his or her home state.#

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, § 33-23-37, enacted by Ga. L. 1992, p. 2830, § 1; Ga. L. 2001, p. 925, § 1; Ga. L. 2011, p. 623, § 4/SB 251; Ga. L. 2012, p. 37, § 3/HB 477; Ga. L. 2019, p. 386, § 16/SB 133. The 2019 amendment, effective July 1, 2019, deleted ‘‘except as provided in paragraph (3.1) of this subsection’’ at the end of paragraph (b)(3), and deleted former paragraph (b)(3.1), which read: ‘‘All licenses that expire on December 31, 2012, shall be transitioned to a biennial term, provided that, during the transition, the Commissioner may, as provided by rule or regulation, renew such licenses for a term greater or shorter than the biennial term and may prorate the license renewal fees;’’.

Code Commission notes

Pursuant to Code Section 28-9-5, in 2001, a colon was substituted for a semicolon at the end of the introductory language of paragraph (b)(4).

Cross references

Licensing of surplus line brokers generally, § 33-5-22.

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-ch23-65-(v25)-2020-pdf.pdf, Volumen V25, edición 2020, páginas 85 a 86; acción de fusión: carried; SHA-256 del archivo 1cdfeaa4b73e.