On or before March 1 in each year after it shall have commenced to do business pursuant to a certificate of authority, every insurer shall make and file with the Commissioner a report of its affairs and operations during the year ending on December 31 of the preceding year. This annual report shall be made in such form and contain such information as the Commissioner may prescribe by regulation from time to time and may require in protecting the public interest, the interest of the policyholders of any insurer, and the interest of the investors in the securities issued by any insurer. The Commissioner may require by regulation any additional periodic reports as he or she may prescribe from time to time as necessary or appropriate for the protection of policyholders, investors, and the public and necessary to ensure the solvency of any insurer, to inform and protect the investors in any insurer, and to assure fair dealing in the securities of any insurer. The Commissioner may require that the reports be verified under oath by any appropriate officers or agents as he or she may designate by regulation and may require the same to be published. Compliance with this Code section shall be a condition to the renewal of a certificate of authority under Code Section 33-3-16.
History. Ga. L. 1887, p. 113, § 16; Civil Code 1895, § 2064; Civil Code 1910, § 2458; Ga. L. 1912, p. 119, § 9; Code 1933, §§ 56-108, 56-232; Code 1933, § 56-319, enacted by Ga. L. 1965, p. 378, § 1; Ga. L. 1992, p. 6, § 33; Ga. L. 2019, p. 337, § 1-19/SB 132.
The 2019 amendment, effective July 1, 2019, deleted “of Insurance” following “the Commissioner” in the first sentence and inserted “or she” in the third and fourth sentences.
Administrative rules and regulations.
Business requirements, Official Compilation of the Rules and Regulations of the State of Georgia, Rules of Comptroller General, Commissioner of Insurance, Chapter 120-2-18.
Structure Georgia Code
Chapter 3 - Authorization and General Requirements for Transaction of Insurance
§ 33-3-2. Certificate of Authority Required for Transaction of Insurance Within State; Exceptions
§ 33-3-4. Kinds of Insurance in Which Insurers May Transact
§ 33-3-5. Classification of Kinds of Insurance
§ 33-3-6. Requirements as to Capital Stock or Surplus Generally
§ 33-3-7. Requirement of Surplus for New Insurers
§ 33-3-8. Requirements as to Deposit of Securities Generally
§ 33-3-9. Requirement of Additional Deposits of Securities by Foreign and Alien Insurers
§ 33-3-12. Requirements as to Name of Insurer
§ 33-3-13. Information Required in or Attached to Application for Certificate of Authority
§ 33-3-17. Discretionary Refusal, Revocation, or Suspension of Certificate Generally
§ 33-3-18. Administrative Supervision or Suspension of Certificate of Authority for Cause
§ 33-3-19. Mandatory Refusal, Revocation, or Suspension of Certificate
§ 33-3-21. Reports of Business Affairs and Operations of Insurers Generally
§ 33-3-22. Reports of Insurers Authorized to Transact Product Liability Insurance
§ 33-3-23. Transaction Restrictions on Lending Institutions and Bank Holding Companies
§ 33-3-24. Transaction Restrictions on Institutions of Farm Credit System
§ 33-3-25. Language Simplification and Reading Ease Standards; Applicability of Code Section
§ 33-3-27. Reports of Awards Under Medical Malpractice Insurance Policies
§ 33-3-29. Licensing of Foreign State Insurers as Domestic Insurers
§ 33-3-30. Principal United States Place of Business of Alien Insurer Entering Through This State