§ 33-48-1. Short Title
This chapter shall be known and may be cited as the “Business Transacted with Producer Controlled Property and Casualty Insurer Act.” History. Code 1981, § 33-48-1 , enacted by Ga. L. 1991, p. 1424, § 8.
§ 33-48-2. Definitions
As used in this chapter, the term: “Control” or “controlled” shall have the same meaning as provided in paragraph (3) of Code Section 33-13-1, relating to definitions used with regard to insurance company holding systems. “Independent casualty actuary” means a casualty actuary who is a member of the American Academy of Actuaries and who is […]
§ 33-48-3. Limitations on Producer Who Has Control of Licensed Property and Casualty Insurer; Limitations on Reinsurance Intermediary
No producer which has control of a licensed property and casualty insurer may directly or indirectly place business with such insurer in any transaction in which such producer, at the time the business is placed, is acting as such on behalf of the insured for any compensation, commission, or other thing of value, unless: There […]
§ 33-48-4. Proceedings Upon Violation of Chapter; Burden of Proof; Penalties
If the Commissioner has reason to believe that a controlling producer has committed or is committing an act which could be determined to be a violation, as defined in paragraph (6) of Code Section 33-48-2, he shall serve upon the controlling producer a statement of the charges and notice of a hearing to be conducted […]