No captive insurance company may transact any insurance in this state unless:
History. Code 1981, § 33-41-4 , enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2015, p. 377, § 1-2/HB 552; Ga. L. 2016, p. 825, § 1/SB 347; Ga. L. 2017, p. 682, § 3/SB 173; Ga. L. 2019, p. 533, § 2-4/HB 99.
The 2019 amendment, effective July 1, 2019, deleted “and” at the end of paragraph (3), substituted “; and” for the period at the end of paragraph (4), and added paragraph (5).
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