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Georgia Commons

Código Oficial de Georgia Anotado

Título 33. INSURANCE · Capítulo 63. GUARANTEED ASSET PROTECTION WAIVERS

33-63-9. Commissioner to enforce provisions; penalty for violations.

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. The Commissioner may take action which is necessary or appropriate to enforce the provisions of this chapter and to protect guaranteed asset protection waiver holders in this state. After proper notice and opportunity for hearing, the Commissioner may:

  2. (1)

    Order the creditor, administrator, or any other person not in compliance with this chapter to cease and desist from further guaranteed asset protection waiver related operations which are in violation of this chapter; and#

  3. (2)

    Impose a penalty of not more than $500.00 per violation and not more than $10,000.00 in the aggregate for all violations of a similar nature. For purposes of this paragraph, violations must be of a similar nature if the violation consists of the same or similar course of conduct, action, or practice, irrespective of the number of times the conduct, action, or practice which is determined to be a violation of this chapter occurred.#

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, § 33-63-9, enacted by Ga. L. 2008, p. 1097, § 1/SB 470; Ga. L. 2019, p. 533, § 1-33/HB 99. The 2019 amendment, effective July 1, 2019, in the introductory paragraph, deleted ‘‘of Insurance’’ following ‘‘Commissioner’’ near the beginning of the first sentence and substituted ‘‘Commissioner’’ for ‘‘commissioner’’ near the end of the second sentence; and inserted ‘‘a’’ near the end of the first sentence of paragraph (2).

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 1087 a 1088; acción de fusión: carried; SHA-256 del archivo 1cdfeaa4b73e.