History. Code 1981, § 33-41-19 , enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347; Ga. L. 2019, p. 533, § 2-9/HB 99; Ga. L. 2020, p. 493, § 33/SB 429.
The 2019 amendment, effective July 1, 2019, substituted “Reserved.” for the former provisions of subsection (c), which read: “Each captive insurance company shall provide the following notice in ten-point type on the front page and declaration page on all policies and on the front page of all applications for policies:
“This captive insurance company is not subject to all of the insurance laws and regulations of the State of Georgia. State insurers insolvency guaranty funds are not available to the policyholders of this captive insurance company.”
The 2020 amendment, effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, deleted former subsection (c) which was designated as reserved.
Structure Georgia Code
Chapter 41 - Captive Insurance Companies
Article 1 - General Provisions
§ 33-41-3. Permissible Business; Limitations
§ 33-41-4. Prerequisites to Transacting Insurance
§ 33-41-7. Directors or Managers
§ 33-41-8. Amount of Capital or Surplus
§ 33-41-10. Application for and Issuance of Certificate of Authority
§ 33-41-11. Refusal, Suspension, or Nonrenewal of Certificate; Expiration, Renewal, Amendment
§ 33-41-16. Examination by Commissioner or Agent; Confidentiality
§ 33-41-19. Rates, Underwriting Rules, and Policy Forms
§ 33-41-20.1. Membership of Captive Insurance Companies in Georgia Insurers Insolvency Pool
§ 33-41-21. Rehabilitation, Reorganization, Conservation, and Liquidation
§ 33-41-23. Certificate of Dormancy
§ 33-41-24. Rule Making Authority
§ 33-41-25. Regulatory Authority
§ 33-41-26. Inconsistent Provisions Not Applicable to Captive Insurance Companies