Georgia Code, Title 33, Chapter 14, Article 5 - Limited Purpose Subsidiary Insurance Companies

• § 33-14-100 - Definitions
  As used in this article, the term: (1) "Limited purpose subsidiary" means a subsidiary life, accident, and sickness reinsurer that is organized under this...
• § 33-14-101 - Authorization to Organize Domestic Limited Purpose Subsidiary
  A domestic life, accident, and sickness reinsurer may organize a domestic limited purpose subsidiary pursuant to the provisions of this article.
• § 33-14-102 - Approval of Operation Plan and Certificate of Authority Requirements; Certain Disclosure Requirements; Examination by Commissioner
  (a) Before assuming risk under a reinsurance agreement, a limited purpose subsidiary must: (1) Obtain from the Commissioner approval of the limited purpose subsidiary's...
• § 33-14-103 - Powers of Limited Purpose Subsidiary
  A limited purpose subsidiary that is granted a certificate of authority by the Commissioner under this article: (1) Is wholly owned by the organizing...
• § 33-14-104 - Investment of Funds
  An organizing domestic reinsurer may invest funds from the surplus of the organizing domestic reinsurer in a limited purpose subsidiary that is organized by...
• § 33-14-105 - Officers and Directors
  The officers and directors of an organizing domestic reinsurer may serve as officers and directors of a limited purpose subsidiary organized by the organizing...
• § 33-14-106 - Reinsurance
  A limited purpose subsidiary may, upon approval of the Commissioner, reinsure the risks assumed by the limited purpose subsidiary.
• § 33-14-107 - Assets
  (a) Assets of a limited purpose subsidiary that are approved by the Commissioner as admitted assets must comply with requirements established by the Commissioner...
• § 33-14-108 - Applicability of Certain Code Provisions
  The following provisions of the Code do not apply to a limited purpose subsidiary organized under this article: (1) Code Section 33-3-6; (2) Code...
• § 33-14-109 - Adoption of Rules
  (a) The Commissioner shall, before approving a limited purpose subsidiary under this article, adopt rules pursuant to Code Section 33-2-9 to implement this article.(b)...

Last modified: October 14, 2016