Georgia Code, Title 20, Chapter 2, Article 29 - Interlocal Risk Management Agency

• § 20-2-2001 - Definitions
  As used in this article, the term: (1) "Administrator" means any person who administers a group self-insurance fund other than the interlocal risk management...
• § 20-2-2002 - Establishment; Membership
  (a) A group of boards of education may execute an intergovernmental contract among themselves to form and become members of an interlocal risk management...
• § 20-2-2003 - Board of Trustees
  Each intergovernmental contract establishing an intergovernmental risk management agency shall provide for a board of trustees which shall govern the agency. Such board shall...
• § 20-2-2004 - Agency is Not an Insurer
  An interlocal risk management agency created pursuant to this article is not an insurance company or an insurer under Title 33, and the development...
• § 20-2-2005 - Certificate of Authority
  (a) No interlocal risk management agency shall establish a group self-insurance fund or funds until such agency has been issued a certificate of authority...
• § 20-2-2006 - Issuance, Renewal, or Revocation of Certificate
  (a) The Commissioner shall examine the application made under Code Section 20-2-2005 to determine whether the agency and any established fund will be able...
• § 20-2-2007 - Minimum Surplus Required
  Each fund formed pursuant to this article shall possess and thereafter maintain minimum surplus in an amount such as the Commissioner may reasonably establish...
• § 20-2-2008 - Investments
  The investable assets of a fund may be invested in securities or other investments permitted by the laws of this state for the investment...
• § 20-2-2009 - Joint and Several Liability of Fund Members
  Each board of education shall be jointly and severally liable for all legal obligations of a fund which arise out of an event which...
• § 20-2-2010 - Administrator
  (a) If an agency contracts with an administrator, the agency and the administrator must enter into a written agreement which shall be subject to...
• § 20-2-2011 - Bond, Liability Insurance, and Claim Office of Administrator
  (a) The Commissioner shall require each administrator to have and maintain a fidelity bond in an amount which the Commissioner deems appropriate but which...
• § 20-2-2012 - Grounds for Revocation, Suspension, or Refusal to Issue or Renew Certificate; Hearing; Voluntary Dissolution of Fund
  (a) The Commissioner may revoke, suspend, or refuse to issue or renew the certificate of authority of any agency when and if, after investigation,...
• § 20-2-2013 - Tax Exemption
  Interlocal risk management agencies and funds established by such agencies shall be exempt from state and local taxes and fees.
• § 20-2-2014 - Examination of Funds by Commissioner
  The Commissioner shall have the authority to require and conduct periodic examinations to verify the solvency of funds in the same manner and under...
• § 20-2-2015 - Fund Insufficient to Discharge Obligations; Liquidation
  (a) If the assets of a fund are at any time insufficient to enable a fund to discharge its legal liabilities and other obligations...
• § 20-2-2016 - Rules and Regulations
  The Commissioner shall have authority to promulgate rules and regulations to effectuate the provisions of this article.
• § 20-2-2017 - Remedies of Aggrieved Parties
  Any party which is aggrieved by any act, determination, order, or any other action of the Commissioner taken pursuant to this article may request...
• § 20-2-2018 - Excess Loss Funding Program; Condition for Certificate of Authority
  (a) An interlocal risk management agency shall maintain at all times an excess loss funding program acceptable to the Commissioner. An excess loss funding...
• § 20-2-2019 - Annual Audit
  Each fund established under this article shall have an annual audit of its books and accounts performed by a certified public accountant. Such audit...
• § 20-2-2020 - Sovereign Immunity Not Waived
  The exercise by a board of education or school system of the authority provided in this article shall not constitute the provision of liability...

Last modified: October 14, 2016