Any insurer failing, without just cause, to timely file the ORSA Summary Report as required in this article may be subject to any penalty set forth in subsection (g) of Code Section 33-2-24. The Commissioner may reduce the monetary penalty if the insurer demonstrates to the Commissioner that the imposition of the monetary penalty would constitute a financial hardship to the insurer.
History. Code 1981, § 33-13-39 , enacted by Ga. L. 2015, p. 608, § 2/SB 108.
Structure Georgia Code
Chapter 13 - Insurance Holding Company Systems
Article 2 - Own Risk and Solvency Assessment Report
§ 33-13-33. Maintenance of Risk Management Framework
§ 33-13-34. Required Conduct of Orsa
§ 33-13-35. Submission of Orsa Summary Report
§ 33-13-37. Preparation of Report; Review and Use
§ 33-13-38. Confidentiality and Protection