§ 33-13-4. Registration of Insurers Belonging to Holding Company Systems
Requirement of registration generally. Every insurer which is authorized to do business in this state and which is a member of an insurance holding company system shall register with the Commissioner, except a foreign insurer subject to disclosure requirements and standards adopted by statute or regulation in the jurisdiction of its domicile which are […]
§ 33-13-5. Standards Governing Transactions by Registered Insurers With Affiliates Generally; Extraordinary Distributions; Adequacy of Surplus
Transactions within a holding company system to which an insurer subject to registration is a party shall be subject to the following standards: The terms shall be fair and reasonable; Agreements for cost sharing services and management shall include such provisions as required by the Commissioner by rule or regulation; Charges or fees for services […]
§ 33-13-6. Powers of Commissioner to Examine Insurers; Access to Books and Records; Use of Experts and Consultants; Payment of Expenses; Compelling Production
Powers of Commissioner. Subject to the limitation contained in this Code section and in addition to the powers which the Commissioner has under this title relating to the examination of insurers, the Commissioner shall have the power to examine any insurer registered under Code Section 33-13-4 and its affiliates to ascertain the financial condition […]
§ 33-13-7. Power of Commissioner to Participate in Supervisory College; Payment of Expenses Associated With Participation in Supervisory College
Power of Commissioner. With respect to any insurer registered under Code Section 33-13-4, and in accordance with subsection (c) of this Code section, the Commissioner shall also have the power to participate in a supervisory college for any domestic insurer that is part of an insurance holding company system with international operations in order […]
§ 33-13-7.1. Supervisors for Internationally Active Insurance Group; Activities of Supervisors; Cooperation; Entering Into Agreements; Obtaining Documentation; Regulatory Authority; Payment of Expenses
The Commissioner is authorized to act as the group-wide supervisor for any internationally active insurance group in accordance with the provisions of this Code section. However, the Commissioner may acknowledge another regulatory official as the group-wide supervisor where the internationally active insurance group: Does not have substantial insurance operations in the United States; Has substantial […]
§ 33-13-8. Confidentiality of Information and Documents Obtained During Examinations or Investigations; Sharing Certain Information; Not Delegation of Regulatory Authority or Rule Making; Responsibility for Enforcement
Documents, materials, or other information in the possession or control of the department that are obtained by or disclosed to the Commissioner or any other person in the course of an examination or investigation made pursuant to Code Section 33-13-6 and all information reported or provided to the department pursuant to paragraphs (12) and (13) […]
§ 33-13-9. Rules and Regulations and Orders
The Commissioner may, upon notice and opportunity for all interested persons to be heard, issue any rules, regulations, and orders as shall be necessary to carry out this article. History. Code 1933, § 56-3408, enacted by Ga. L. 1970, p. 257, § 1; Code 1981, § 33-13-8 ; Code 1981, § 33-13-9 , as redesignated […]
§ 33-13-10. Injunctions; Seizure or Sequestration of Voting Securities
Injunctions. Whenever it appears to the Commissioner that any insurer or any director, officer, employee, or agent of any insurer has committed or is about to commit a violation of this article or of any rule, regulation, or order issued by the Commissioner under this article, the Commissioner may apply to the superior court […]
§ 33-13-11. Violations of This Article
Any insurer failing, without just cause, to file any registration statement as required in this article shall be required, after notice and hearing, to pay a penalty of $1,000.00 for each day’s delay. The maximum penalty under this Code section is $50,000.00. The Commissioner may reduce the penalty if the insurer demonstrates to the Commissioner […]
§ 33-13-12. Receivership
Whenever it appears to the Commissioner that any person has committed a violation of this article which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, the Commissioner may proceed as provided in […]