§ 33-49-10. Examination of Reinsurance Intermediaries and Managers by Commissioner
A reinsurance intermediary shall be subject to examination by the Commissioner. The Commissioner shall have access to all books, bank accounts, and records of the reinsurance intermediary in a form usable to the Commissioner. A manager may be examined as if it were the reinsurer. History. Code 1981, § 33-49-10 , enacted by Ga. L. […]
§ 33-49-11. Violations; Penalties
A reinsurance intermediary, insurer, or reinsurer found by the Commissioner, after a hearing conducted in accordance with Chapter 2 of this title, to be in violation of any provision of this chapter, shall: For each separate violation, pay a penalty in an amount not exceeding $10,000.00; Be subject to revocation or suspension of its license; […]
§ 33-50-1. Definition of Multiple Employer Self-Insured Health Plan
As used in this chapter, the term “multiple employer self-insured health plan” means any plan or arrangement which is established or maintained for the purpose of offering or providing health, dental, or short-term disability benefits to employees of two or more employers but which is not fully insured. A plan or arrangement is considered fully […]
§ 33-50-2. License Required to Transact Business; Health Plans of Municipalities, Counties, or Other Political Subdivisions
It is unlawful for any multiple employer self-insured health plan to transact business in this state without a license issued by the Commissioner. Any of the acts described as the transaction of insurance in Code Section 33-1-2, effected by mail or otherwise, by or on behalf of a multiple employer self-insured health plan constitutes the […]
§ 33-50-3. Application for License; Payment of Fees; Payment of Premium Taxes
Application for a license shall be made on forms prescribed by the Commissioner. Every multiple employer self-insured health plan shall pay to the Commissioner annual license fees, as established by rule or regulation of the Commissioner. Every multiple employer self-insured health plan shall be exempt from the payment of premium taxes on the plan’s net […]
§ 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 […]
§ 33-50-4. Filing of Bylaws, Schedules of Benefits, and Management, Administration, and Trust Agreements
At the time application for a license is made, the multiple employer self-insured health plan shall file with the Commissioner a copy of the plan’s bylaws, all schedules of benefits, and all management, administration, and trust agreements which the plan had made or proposes to make for the conduct of its business and affairs. Any […]
§ 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 […]
§ 33-50-5. Minimum Surplus; Capital Requirements; Security Deposit; Annual Audit; Aggregate Excess Stop-Loss Coverage; Individual Excess Stop-Loss Coverage
No multiple employer self-insured health plan shall be licensed unless it shall possess and thereafter maintain a minimum surplus of at least $200,000.00. A multiple employer self-insured health plan shall be subject to and comply with the applicable regulatory action level risk-based capital requirements prescribed by Chapter 56 of this title. Every multiple employer self-insured […]
§ 33-49-1. Short Title
This chapter shall be known and may be cited as the “Reinsurance Intermediary Act.” History. Code 1981, § 33-49-1 , enacted by Ga. L. 1991, p. 1424, § 8.