§ 20-2-2010. Administrator
If an agency contracts with an administrator, the agency and the administrator must enter into a written agreement which shall be subject to review and approval by the Commissioner in accordance with this Code section and which shall contain at least the following: A contractual provision obligating the administrator to obtain and maintain such bonds, […]
§ 20-2-2011. Bond, Liability Insurance, and Claim Office of Administrator
The Commissioner shall require each administrator to have and maintain a fidelity bond in an amount which the Commissioner deems appropriate but which is not less than $100,000.00. Errors and omissions coverage or other appropriate liability insurance in an amount which is not less than that specified by the rules and regulations of the Commissioner […]
§ 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).
§ 20-2-2001. Definitions
As used in this article, the term: “Administrator” means any person who administers a group self-insurance fund other than the interlocal risk management agency. “Board of education” or “board” means a public board of education of any county or of any independent school system of this state. “Commissioner” means the Commissioner of Insurance. “General liability” […]
§ 20-2-2002. Establishment; Membership
A group of boards of education may execute an intergovernmental contract among themselves to form and become members of an interlocal risk management agency. After an interlocal risk management agency has been formed, any board of education may, subject to the bylaws and requirements of such agency, become a member and, through participation in the […]
§ 20-2-2003. Board of Trustees
Each intergovernmental contract establishing an intergovernmental risk management agency shall provide for a board of trustees which shall govern the agency. Such board shall be authorized to administer the agency in accordance with the provisions of the intergovernmental contract establishing the agency and shall be authorized to adopt such bylaws, rules, and regulations as may […]