Georgia Code
Article 1 - General Provisions
§ 33-13-7.1. Supervisors for Internationally Active Insurance Group; Activities of Supervisors; Cooperation; Entering Into Agreements; Obtaining Documentation; Regulatory Authority; Payment of Expenses

An insurance holding company system that does not otherwise qualify as an internationally active insurance group may request that the Commissioner make a determination or acknowledgment as to a group-wide supervisor pursuant to this Code section.
The Commissioner acting as the group-wide supervisor may determine that it is appropriate to acknowledge another supervisor to serve as the group-wide supervisor. The acknowledgment of the group-wide supervisor shall be made after consideration of the factors listed in paragraphs (1) through (5) of this subsection, in cooperation with and subject to the acknowledgment of other regulatory officials involved with supervision of the members of the internationally active insurance group, and in consultation with the internationally active insurance group.
History. Code 1981, § 33-13-7.1 , enacted by Ga. L. 2019, p. 1045, § 2/HB 491.
Effective date. —
This Code section became effective July 1, 2019.

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