§ 33-13-35. Submission of Orsa Summary Report
Upon the Commissioner’s request, and no more than once each year, an insurer shall submit to the Commissioner an ORSA Summary Report or any combination of reports that together contain the information described in the ORSA Guidance Manual, applicable to the insurer or the insurance group of which it is a member. Notwithstanding any request […]
§ 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 […]
§ 33-13-36. Exemption
An insurer shall be exempt from the requirements of this article, if: The insurer has annual direct written and unaffiliated assumed premium, including international direct and assumed premium, but excluding premiums reinsured with the Federal Crop Insurance Corporation and Federal Flood Program, less than $500 million; and The insurance group of which the insurer is […]
§ 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 […]
§ 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 […]