All notices by the Commissioner to an insurer which may result in regulatory action under this chapter shall be effective upon dispatch if transmitted by registered or certified mail or statutory overnight delivery or, in the case of any other transmission, shall be effective upon the insurer’s receipt of such notice.
History. Code 1981, § 33-56-13 , enacted by Ga. L. 1996, p. 928, § 1; Ga. L. 2000, p. 1589, § 3.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1996, “under this chapter” was substituted for “hereunder” in this Code section.
Editor’s notes.
Ga. L. 2000, p. 1589, § 16, not codified by the General Assembly, provides that the amendment to this Code section is applicable with respect to notices delivered on or after July 1, 2000.
Structure Georgia Code
Chapter 56 - Risk-Based Capital Levels
§ 33-56-2. Annual Risk-Based Capital Level Report Required; Computations
§ 33-56-5. Authorized Control Level Events; Actions by Commissioner
§ 33-56-6. Mandatory Control Level Events; Actions by Commissioner
§ 33-56-7. Notification to Insurer of Determination or Action by Commissioner; Right to Hearing
§ 33-56-8. Confidentiality of Certain Information and Corrective Orders
§ 33-56-10. Foreign Insurers; Responsibility of Domestic Insurers to Other States