Georgia Code
Article 1 - General Provisions
§ 33-13-3. Acquisition of Control of or Merger With Domestic Insurer

If the person required to file the statement referred to in subsection (a) of this Code section is a partnership, limited partnership, syndicate, or other group, the Commissioner may require that the information called for by paragraphs (1) through (14) of this subsection shall be given with respect to each partner of the partnership or limited partnership, each member of the syndicate or group, and each person who controls the partner or member. If any partner, member, or person is a corporation or the person required to file the statement referred to in subsection (a) of this Code section is a corporation, the Commissioner may require that the information called for by paragraphs (1) through (14) of this subsection shall be given with respect to the corporation, each officer and director of the corporation, and each person who is directly or indirectly the beneficial owner of more than 10 percent of the outstanding voting securities of the corporation. If any material change occurs in the facts set forth in the statement filed with the Commissioner and sent to the insurer pursuant to this Code section, an amendment setting forth the change, together with copies of all documents and other material relevant to the change, shall be filed with the Commissioner and sent to the insurer within two business days after the person learns of the change.
History. Code 1933, § 56-3403, enacted by Ga. L. 1970, p. 257, § 1; Ga. L. 1982, p. 3, § 33; Ga. L. 1989, p. 74, §§ 1, 2; Ga. L. 2000, p. 1589, § 3; Ga. L. 2013, p. 802, § 1/HB 312; Ga. L. 2022, p. 258, § 2/HB 969.
The 2022 amendment, effective July 1, 2022, inserted “paragraph (1) of” in paragraph (b)(12) and substituted “NAIC” for “National Association of Insurance Commissioners” in the second sentence in paragraph (d)(3).
Cross references.
Merger and consolidation of corporations generally, §§ 14-2-1101 et seq., 14-3-170 et seq.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1989, a comma was inserted following “agreement is involved” in paragraph (a)(1) and “to” was inserted preceding “sell its assets” in subparagraph (f)(1)(E) (now subparagraph (d)(1)(D)).
Pursuant to Code Section 28-9-5, in 2000, “the” was inserted following “any predecessors of” in paragraph (b)(3).
Editor’s notes.
Ga. L. 2000, p. 1589, § 16, not codified by the General Assembly, provided that the amendment to this Code section by Ga. L. 2000, p. 1589, § 3, was applicable with respect to notices delivered on or after July 1, 2000.
U.S. Code.
The Securities Act of 1933, referred to in subsection (c) of this Code section, is codified as 15 U.S.C. § 77 a et seq.
The Securities Exchange Act of 1934, referred to in subsection (c) of this Code section, is codified as 15 U.S.C. § 78 a et seq.

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