§ 20-2-2012. Grounds for Revocation, Suspension, or Refusal to Issue or Renew Certificate; Hearing; Voluntary Dissolution of Fund
The Commissioner may revoke, suspend, or refuse to issue or renew the certificate of authority of any agency when and if, after investigation, he finds that: Any certificate of authority issued to the agency was obtained by fraud; There was any material misrepresentation in the application for the certificate of authority; The agency, any fund […]
§ 20-2-2013. Tax Exemption
Interlocal risk management agencies and funds established by such agencies shall be exempt from state and local taxes and fees. History. Code 1981, § 20-2-2013 , enacted by Ga. L. 1986, p. 1172, § 1.
§ 20-2-2014. Examination of Funds by Commissioner
The Commissioner shall have the authority to require and conduct periodic examinations to verify the solvency of funds in the same manner and under the same conditions as insurers are examined under Chapter 2 of Title 33. History. Code 1981, § 20-2-2014 , enacted by Ga. L. 1986, p. 1172, § 1.
§ 20-2-2015. Fund Insufficient to Discharge Obligations; Liquidation
If the assets of a fund are at any time insufficient to enable a fund to discharge its legal liabilities and other obligations and to maintain the reserves and surplus required of it under this article, the agency shall forthwith make up the deficiency or levy an assessment upon the members of the fund for […]
§ 20-2-2016. Rules and Regulations
The Commissioner shall have authority to promulgate rules and regulations to effectuate the provisions of this article. History. Code 1981, § 20-2-2016 , enacted by Ga. L. 1986, p. 1172, § 1. Law reviews. For article, “SB 47: Eligibility Expansion for the Georgia Special Needs Scholarship Program,” see 38 Ga. St. U.L. Rev. 83 (2021).
§ 20-2-2017. Remedies of Aggrieved Parties
Any party which is aggrieved by any act, determination, order, or any other action of the Commissioner taken pursuant to this article may request a hearing before the Commissioner or otherwise proceed in accordance with Chapter 13 of Title 50, the “Georgia Administrative Procedure Act.” History. Code 1981, § 20-2-2017 , enacted by Ga. L. […]
§ 20-2-2018. Excess Loss Funding Program; Condition for Certificate of Authority
An interlocal risk management agency shall maintain at all times an excess loss funding program acceptable to the Commissioner. An excess loss funding program may consist of excess insurance, self-funding from unobligated surplus of a fund, any combination of such excess insurance or self-funding, or any other funding program acceptable to the Commissioner. The excess […]
§ 20-2-2019. Annual Audit
Each fund established under this article shall have an annual audit of its books and accounts performed by a certified public accountant. Such audit shall be conducted in accordance with generally accepted accounting principles. A copy of such audit shall be made available to fund members. History. Code 1981, § 20-2-2019 , enacted by Ga. […]
§ 20-2-2004. Agency Is Not an Insurer
An interlocal risk management agency created pursuant to this article is not an insurance company or an insurer under Title 33, and the development and administration by such agency of one or more group self-insurance funds shall not constitute doing business as an insurer. History. Code 1981, § 20-2-2004 , enacted by Ga. L. 1986, […]
§ 20-2-2020. Sovereign Immunity Not Waived
The exercise by a board of education or school system of the authority provided in this article shall not constitute the provision of liability insurance protection under Article I, Section II, Paragraph IX of the Constitution of the State of Georgia. The participation by a board of education or school system as a member of […]