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Article 1 - General Provisions
§ 33-14-1. Applicability of Chapter - This chapter shall govern domestic mutual and stock insurers. History....
§ 33-14-2. Definitions - As used in this chapter, the term: History. Code 1933,...
§ 33-14-3. Applicability of General Corporation Statutes - The applicable statutes of this state relating to the powers...
§ 33-14-4. Execution and Contents of Application for Charter - History. Ga. L. 1893, p. 73, § 2; Civil Code...
§ 33-14-5. Filing of Application for Charter; Fee; Certification and Publication of Application; Approval or Disapproval of Charter - History. Ga. L. 1893, p. 73, § 3; Civil Code...
§ 33-14-6. Grant of Corporate Powers and Privileges; Issuance of Certificate of Incorporation; Recordation of Documents; Appointment of Attorney for Acceptance of Service of Process - History. Ga. L. 1893, p. 73, § 3; Civil Code...
§ 33-14-7. Name of Corporation - History. Code 1933, § 56-1507, enacted by Ga. L. 1960,...
§ 33-14-8. Procedures for Amendment or Renewal of Charter - History. Code 1933, § 56-1509, enacted by Ga. L. 1960,...
§ 33-14-9. Powers of Corporations Generally - Every corporation organized under this title shall have the same...
§ 33-14-10. Sale of Subscriptions for Insurance Securities and Sale Offer of Insurance Securities - History. Code 1933, § 1506.1, enacted by Ga. L. 1966,...
§ 33-14-11. Charitable, Scientific, or Educational Donations - An insurer shall have power to make donations for the...
§ 33-14-12. Number, Qualifications, Election, and Terms of Directors - History. Code 1933, § 56-1519, enacted by Ga. L. 1960,...
§ 33-14-13. Maintenance of Principal Place of Business and Records; Maintenance of Assets Within State; Removal of Records or Assets From State Without Approval - History. Code 1933, § 56-1522, enacted by Ga. L. 1960,...
§ 33-14-14. Filing and Terms of Management and Exclusive Agency Contracts; Approval or Disapproval of Contracts by Commissioner - History. Code 1933, § 56-1532, enacted by Ga. L. 1960,...
§ 33-14-15. Borrowing of Money - History. Code 1933, § 56-1520, enacted by Ga. L. 1960,...
§ 33-14-16. Participating and Nonparticipating Policies; Earned Dividend Not to Be Made Contingent Upon Payment of Renewal Premium - History. Code 1933, § 56-1521, enacted by Ga. L. 1960,...
§ 33-14-17. Voting Securities - History. Code 1933, § 56-1519.1, enacted by Ga. L. 1965,...
§ 33-14-18. Filing of Registration Statement by Holding Company Prior to Offering of Stock for Sale to Public; Contents of Statement; Approval or Disapproval of Sale by Commissioner - History. Code 1933, § 56-1543, enacted by Ga. L. 1960,...
§ 33-14-19. Regulation of Financial Interests in and Transactions With Insurers by Officers, Directors, Committee Members, or Employees - History. Code 1933, § 56-1533, enacted by Ga. L. 1960,...
§ 33-14-20. Limitation on Commission Received by Persons Selling Stock of Insurers; Participation by Corporate Officers in Commissions - History. Ga. L. 1912, p. 119, § 19; Code 1933,...
§ 33-14-21. Limitation on Organizational Expenses - The total expenses of organization of any insurer organized under...
§ 33-14-22. Proceedings for Correction of Deficiency in Assets or Capital of Insurer; Institution of Delinquency Proceedings Upon Failure to Correct Deficiency - History. Code 1933, § 56-1531, enacted by Ga. L. 1960,...
§ 33-14-23. Extinguishment of Charters of Corporations Not Actively Engaged in Business; Automatic Extinguishment of Charter Upon Merger or Consolidation - History. Code 1933, § 56-1540, enacted by Ga. L. 1960,...
§ 33-14-24. Procedure for Voluntary Dissolution Generally; Effective Date of Dissolution; Conditions Precedent to Effectuation of Dissolution - History. Code 1933, § 56-1544, enacted by Ga. L. 1960,...
§ 33-14-25. Procedure for Surrender of Charter - History. Code 1933, § 56-1545, enacted by Ga. L. 1960,...
§ 33-14-26. Powers and Duties of Directors as Trustees Upon Expiration of Period of Corporate Existence; Filling of Vacancies and Replacement of Directors - Upon the dissolution of a domestic stock or mutual insurer...
§ 33-14-27. Continuance of Corporate Existence Subsequent to Dissolution or Expiration - All domestic stock and mutual insurance corporations, whether they expire...
Article 2 - Domestic Stock Insurers
§ 33-14-40. Reinsurance of Risks Generally; Bulk Insurance Agreements - History. Code 1933, § 56-1538, enacted by Ga. L. 1960,...
§ 33-14-41. Dividends Payable Only Out of Realized Profits or Upon Special Approval of Commissioner - History. Code 1933, § 56-1523, enacted by Ga. L. 1960,...
§ 33-14-42. Illegal Dividends - History. Code 1933, § 56-1525, enacted by Ga. L. 1960,...
§ 33-14-43. Authorization and Procedure for Merger or Consolidation; Receipt of Consideration by Directors, Officers, Agents, or Employees; Formation of Domestic Insurance Company for Sole Purpose of Merging or Consolidating With Existing Domestic In... - History. Code 1933, § 56-1534, enacted by Ga. L. 1960,...
§ 33-14-44. Authorization and Procedure for Conversion of Stock Insurer to Mutual Insurer - History. Code 1933, § 56-1536, enacted by Ga. L. 1960,...
§ 33-14-45. Classes of Common or Preferred Shares - A domestic stock insurer may have one or more classes...
Article 3 - Domestic Mutual Insurers
§ 33-14-60. Bylaws - History. Code 1933, § 56-1515, enacted by Ga. L. 1960,...
§ 33-14-61. Types of Insurance in Which Newly Organized Insurers Authorized to Transact Business; Requirements as to Transaction of Particular Kinds of Insurance Generally - Click to view History. Code 1933, § 56-1510, enacted by...
§ 33-14-62. Authorization of Transaction of Additional Kinds of Insurance - A domestic mutual insurer formed after January 1, 1961, after...
§ 33-14-63. Filing of Surety Bond or Deposit by Incorporators of Proposed Insurer; Conditions of Bond or Deposit; Release and Discharge - All of the conditions shall become due and payable only...
§ 33-14-64. Solicitation of Applications for Policies Upon Approval of Bond or Deposit; Provisions and Execution of Applications; Requirement of Cash Premiums - History. Code 1933, § 56-1512, enacted by Ga. L. 1960,...
§ 33-14-65. Deposit of Premiums and Fees Collected; Issuance and Delivery of Policies by Insurers; Effective Date of Insurance - History. Code 1933, § 56-1513, enacted by Ga. L. 1960,...
§ 33-14-66. Return of Deposits or Premiums Upon Failure of Proposed Insurer to Complete Organization and Secure Original Certificate of Authority - If the proposed domestic mutual insurer fails to complete its...
§ 33-14-67. Policyholders Deemed Members of Insurers; Persons Entitled to Become Members; Liability Upon Insurance Contracts of Representatives of Members; Rights of Members Generally - History. Code 1933, § 56-1516, enacted by Ga. L. 1960,...
§ 33-14-68. Contingent Liability of Members - History. Ga. L. 1893, p. 73, § 20; Civil Code...
§ 33-14-69. Levy of Assessment by Directors; Computation of Assessment; Allowance of Offsets Against Assessments - History. Code 1933, § 56-1528, enacted by Ga. L. 1960,...
§ 33-14-70. Notice of Assessment; Presumption as to Correctness of Assessment; Proceedings Upon Failure of Member to Pay Assessment - History. Code 1933, § 56-1529, enacted by Ga. L. 1960,...
§ 33-14-71. Extinguishment of Contingent Liability; Revocation of Authority to Issue Policies Without Contingent Liability; Issuance of Nonassessable Policies by Foreign or Alien Insurers - History. Code 1933, § 56-1530, enacted by Ga. L. 1960,...
§ 33-14-72. Reinsurance of Risks - History. Code 1933, § 56-1539, enacted by Ga. L. 1960,...
§ 33-14-73. Dividends Payable Only Out of Net Realized Savings and Earnings - History. Code 1933, § 56-1524, enacted by Ga. L. 1960,...
§ 33-14-74. Liability of Directors for Declaration or Payment of Illegal Dividend - Any director of a domestic mutual insurer who willfully and...
§ 33-14-75. Procedure for Merger or Consolidation - History. Code 1933, § 56-1535, enacted by Ga. L. 1960,...
§ 33-14-76. Authorization and Procedure for Conversion of Mutual Insurer to Stock Insurer - History. Ga. L. 1912, p. 119, § 16; Code 1933,...
§ 33-14-77. Distribution of Assets to Members Upon Liquidation of Insurers Generally; Calculation of Distributive Shares of Members - History. Code 1933, § 56-1541, enacted by Ga. L. 1960,...
Article 4 - Insider Trading of Domestic Stock Insurer Equity Securities
§ 33-14-90. “Equity Security” Defined - As used in this article, “equity security” means any stock...
§ 33-14-91. Filing of Statements of Equity Securities Ownership - Every person who is directly or indirectly the beneficial owner...
§ 33-14-92. Authorization of Actions to Recover for Insurer Profits From Purchases and Sales, or Sale and Purchase, Within Period of Less Than Six Months - For the purpose of preventing the unfair use of information...
§ 33-14-93. Unlawful Sales of Securities - It shall be unlawful for any beneficial owner, director, or...
§ 33-14-94. Sales by Dealers in Ordinary Course of Business and Incident to Establishment or Maintenance of Primary or Secondary Market Exempted From Article - Code Section 33-14-92 shall not apply to any purchase and...
§ 33-14-95. Foreign or Domestic Arbitrage Transactions Exempted From Article - Code Sections 33-14-91 through 33-14-93 shall not apply to foreign...
§ 33-14-96. Transactions in Securities Registered Under Section 12 of Securities Exchange Act of 1934 Exempted From Article - Code Sections 33-14-91 through 33-14-93 shall not apply to equity...
§ 33-14-97. Promulgation of Rules and Regulations by Commissioner; Effect of Rules and Regulations Upon Liability Under Code Sections 33-14-91 Through 33-14-93 - History. Code 1933, § 56-1608, enacted by Ga. L. 1965,...
Article 5 - Limited Purpose Subsidiary Insurance Companies
§ 33-14-100. Definitions - As used in this article, the term: History. Code 1981,...
§ 33-14-101. Authorization to Organize Domestic Limited Purpose Subsidiary - A domestic life, accident, and sickness reinsurer may organize a...
§ 33-14-102. Approval of Operation Plan and Certificate of Authority Requirements; Certain Disclosure Requirements; Examination by Commissioner - History. Code 1981, § 33-14-102 , enacted by Ga. L....
§ 33-14-103. Powers of Limited Purpose Subsidiary - A limited purpose subsidiary that is granted a certificate of...
§ 33-14-104. Investment of Funds - An organizing domestic reinsurer may invest funds from the surplus...
§ 33-14-105. Officers and Directors - The officers and directors of an organizing domestic reinsurer may...
§ 33-14-106. Reinsurance - A limited purpose subsidiary may, upon approval of the Commissioner,...
§ 33-14-107. Assets - History. Code 1981, § 33-14-107 , enacted by Ga. L....
§ 33-14-108. Applicability of Certain Provisions of This Title - The following provisions of this title shall not apply to...
§ 33-14-109. Adoption of Rules - History. Code 1981, § 33-14-109 , enacted by Ga. L....
Article 6 - Division of Domestic Insurers
§ 33-14-120. Definitions - As used in this article, the term: History. Code 1981,...
§ 33-14-121. Plans of Division; Requirements; Amendment - History. Code 1981, § 33-14-121 , enacted by Ga. L....
§ 33-14-122. Approval of Plan of Division - History. Code 1981, § 33-14-122 , enacted by Ga. L....
§ 33-14-123. Approval by Commissioner After Public Notice and Hearing; When Plan of Division Not Approved; Factors for Consideration; Confidentiality; Allocation of Expenses; Findings; Final Orders; Additional Procedures - History. Code 1981, § 33-14-123 , enacted by Ga. L....
§ 33-14-124. Requirements for Certificates of Division; Articles of Incorporation; Effective Date - History. Code 1981, § 33-14-124 , enacted by Ga. L....
§ 33-14-125. Upon Division Becoming Effective; Rights Upon Division; Requirement for New Financing Statement; Distributions - History. Code 1981, § 33-14-125 , enacted by Ga. L....
§ 33-14-126. Responsibilities of Resulting Insurers - History. Code 1981, § 33-14-126 , enacted by Ga. L....
§ 33-14-127. Rights of Shareholders of Dividing Insurer - A shareholder of a dividing insurer shall be entitled to...
§ 33-14-128. Regulatory Authority - The Commissioner may, in accordance with the procedures set forth...