§ 36-85-17. Hearings
Any party which is aggrieved by any act, determination, order, or any other action of the Commissioner taken pursuant to this chapter may request a hearing before the Commissioner or otherwise proceed in accordance with Chapter 13 of Title 50, the “Georgia Administrative Procedure Act.” History. Code 1981, § 36-85-17 , enacted by Ga. L. […]
§ 36-85-18. Excess Loss Funding Program Required
An interlocal risk management agency shall maintain at all times an excess loss funding program acceptable to the Commissioner. An excess loss funding program may consist of excess insurance, self-funding from unobligated surplus of a fund, any combination of the foregoing, or any other funding program acceptable to the Commissioner. The excess loss funding program […]
§ 36-85-19. Audits of Funds
Each fund established under this chapter shall have an annual audit of its books and accounts performed by a certified public accountant. Such audit shall be conducted in accordance with generally accepted accounting principles or statutory accounting principles. A copy of such audit shall be made available to fund members. History. Code 1981, § 36-85-19 […]
§ 36-85-20. Exercise of Authority Not Provision of Liability Insurance; Sovereign Immunity
The exercise by a municipality or county of the authority provided in this chapter shall not constitute the provision of liability insurance protection under Article I, Section II, Paragraph IX of the Constitution of the State of Georgia. The participation by a municipality or county as a member of an agency authorized by this chapter […]
§ 36-85-11. Fidelity Bond and Errors and Omissions Insurance; Administrators to Maintain Office in State
The Commissioner shall require each administrator to have and maintain a fidelity bond in an amount which the Commissioner deems appropriate but which is not less than $100,000.00. Errors and omissions coverage or other appropriate liability insurance in an amount which is not less than that specified by the rules and regulations of the Commissioner […]
§ 36-85-12. Revocation, Suspension, or Refusal to Renew Certificate of Authority; Hearing; Voluntary Dissolution of Fund
The Commissioner may revoke, suspend, or refuse to issue or renew the certificate of authority of any agency when and if, after investigation, he finds that: Any certificate of authority issued to the agency was obtained by fraud; There was any material misrepresentation in the application for the certificate of authority; The agency, any fund […]
§ 36-85-13. Exemption From State and Local Taxes and Fees
Interlocal risk management agencies and funds established by such agencies shall be exempt from state and local taxes and fees. History. Code 1981, § 36-85-13 , enacted by Ga. L. 1986, p. 1496, § 1.
§ 36-85-14. Periodic Examinations
The Commissioner shall have the authority to require and conduct periodic examinations to verify the solvency of funds in the same manner and under the same conditions as insurers are examined under Chapter 2 of Title 33. History. Code 1981, § 36-85-14 , enacted by Ga. L. 1986, p. 1496, § 1.
§ 36-85-15. Fund Deficiencies; Assessments Upon Members; Liquidation of Fund
If the assets of a fund are at any time insufficient to enable a fund to discharge its legal liabilities and other obligations and to maintain the reserves and surplus required of it under this chapter, the agency shall forthwith make up the deficiency or levy an assessment upon the members of the fund for […]
§ 36-85-16. Rules and Regulations
The Commissioner shall have authority to promulgate rules and regulations to effectuate the provisions of this chapter. History. Code 1981, § 36-85-16 , enacted by Ga. L. 1986, p. 1496, § 1.