§ 33-13-13. Revocation, Suspension, or Nonrenewal of License or Authority to Do Business
Whenever it appears to the Commissioner that any person has committed a violation of this article which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the Commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke, or refuse to renew the insurer’s […]
§ 33-13-14. Recovery by Receiver of Distributions Paid in Event of Liquidation, Rehabilitation, or Conservation of Insurer
If an order for the liquidation, rehabilitation, or conservation of an insurer authorized to do business in this state is entered under Chapter 37 of this title, the receiver appointed under the order shall have a right to recover on behalf of the insurer (i) from any parent corporation or holding company or person or […]
§ 33-13-15. Aggrieved Persons; Appeal of Actions of Commissioner; Mandamus
Any person aggrieved by any act, determination, rule, regulation, or order or any other action of the Commissioner pursuant to this article may appeal the action to the Superior Court of Fulton County. The court shall conduct its review without a jury and by trial de novo, except that, if all parties including the Commissioner […]
§ 33-13-3.1. Acquisition of Insurer; Effect on Competition
As used in this Code section, the term: “Acquisition” means any agreement, arrangement, or activity, the consummation of which results in a person acquiring directly or indirectly the control of another person and, includes, but is not limited to, the acquisition of voting securities, the acquisition of assets, bulk reinsurance, and mergers. “Involved insurer” includes […]
§ 33-13-1. Definitions
As used in this article, the term: “Affiliate,” including the term “affiliate of” or “person affiliated with” a specific person, means a person who directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control with the person specified. “Commissioner” means the Commissioner of Insurance, the Commissioner’s deputies, or […]
§ 33-13-2. Acquisition or Organization of Subsidiaries by Domestic Insurers; Conduct of Business by Subsidiaries; Investment by Insurers in Securities of Subsidiaries
Any domestic insurer either by itself or in cooperation with one or more persons may organize or acquire one or more subsidiaries. The subsidiaries may conduct any kind of business or businesses permitted by the Constitution and laws of this state; and their authority to do so shall not be limited by reason of the […]
§ 33-13-3. Acquisition of Control of or Merger With Domestic Insurer
Filing requirements. No person other than the issuer shall make a tender offer for or a request or invitation for tenders of, or enter into any agreement to exchange securities for, seek to acquire, or acquire, in the open market or otherwise, any voting security of a domestic insurer if after the consummation of the […]