§ 33-50-7. Required Disclosure Statements
Every application for benefits and every benefit plan issued by a multiple employer self-insured health plan shall contain in contrasting color, in not less than ten-point type, the following statements: The plan is a self-insured plan, and benefits are not guaranteed by a licensed insurer; The plan is not covered by the Georgia Life and […]
§ 33-49-3. Brokers and Managers Required to Be Licensed Producers; Surety Bond; Errors and Omissions Policy; Reinsurance Intermediary License; Exemption
No person, firm, association, or corporation shall act as a broker in this state if the broker maintains an office either directly or as a member or employee of a firm or association or as an officer, director, or employee of a corporation: In this state, unless such broker is a licensed producer in this […]
§ 33-49-4. Written Authorization of Relationship Required; Contents
Transactions between a broker and the insurer it represents in such capacity shall only be entered into pursuant to a written authorization specifying the responsibilities of each party. The authorization shall, at a minimum, provide that: The insurer may terminate the broker’s authority at any time; The broker will render accounts to the insurer accurately […]
§ 33-49-5. Retention of Records
For at least ten years after expiration of each contract of reinsurance transacted by the broker, the broker will keep a complete record for each transaction showing: The type of contract, limits, underwriting restrictions, classes or risks, and territory; The period of coverage, including effective and expiration dates, cancellation provisions, and notice required of cancellation; […]
§ 33-49-6. Prohibition Against Employing Unlicensed Broker or Individual Employed by Broker; Annual Statement of Broker’s Financial Condition Required
An insurer shall not engage the services of any person, firm, association, or corporation to act as a broker on its behalf unless such person is licensed as required by subsection (a) of Code Section 33-49-3. An insurer may not employ an individual who is employed by a broker with which it transacts business unless […]
§ 33-47-3. License Required; Surety Bond; Errors and Omissions Policy
No person, firm, association, or corporation shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless such person is a licensed producer in this state. No person, firm, association, or corporation shall act in the capacity of a managing […]
§ 33-47-4. Written Contract With Insurer Required; Contents
No person, firm, association, or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract between the parties which sets forth the responsibilities of each party and where both parties share responsibility for a particular function, specifies the division of such […]
§ 33-47-4.1. Fully Earned Policy Fees
No licensed managing general agent may charge a fully earned policy fee in connection with the issuance of an insurance policy unless such fee shall be a component of the insurer’s rate filing. No fully earned policy fee may exceed $25.00. History. Code 1981, § 33-47-4.1 , enacted by Ga. L. 2009, p. 616, § […]
§ 33-47-5. Insurer’s Oversight Responsibilities; Notice to Commissioner of Relationship With Managing General Agent; Conflict of Interest
The insurer shall have on file an independent financial examination, in a form acceptable to the Commissioner, of each managing general agent with which it has done business. If a managing general agent establishes loss reserves, the insurer shall annually obtain the opinion of an actuary attesting to the adequacy of loss reserves established for […]
§ 33-46-23.1. [Effective January 1, 2023] Prior Authorization of Prescription Medications for Chronic Conditions
As used in this Code section, the term: “Chronic condition” means a serious, long-term, physical, mental, or developmental disability or disease. “Ongoing medication therapy” means a clinical and evidence-based treatment that uses a prescribed medicine to prevent, diagnose, treat, or relieve the symptoms of a chronic condition and is continuing or expected to continue for […]