No person, firm, association, or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract between the parties which sets forth the responsibilities of each party and where both parties share responsibility for a particular function, specifies the division of such responsibilities, and which contains the following minimum provisions:
The insurer shall have the right to cancel or nonrenew any policy of insurance subject to the provisions of Chapter 24 of this title which relate to cancellation and nonrenewal of policies;
History. Code 1981, § 33-47-4 , enacted by Ga. L. 1991, p. 1424, § 8.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1991, a period was substituted for the semicolon at the end of subparagraph (6)(H); a semicolon was substituted for the period at the end of the undesignated language of paragraph (6); and a comma was inserted following “reinsured” near the end of subparagraph (10)(A).