Georgia Code, Title 33, Chapter 22 - Insurance Premium Finance Companies
- § 33-22-1 - Short Title
This chapter shall be known and may be cited as the "Insurance Premium Finance Company Act."
- § 33-22-2 - Definitions
As used in this chapter, the term: (1) "Insurance premium finance agreement" means an agreement by which an insured or prospective insured promises to...
- § 33-22-3 - Requirement of License for Transaction of Business; Fees; Change of Address; Examination of Applicants
(a) No person shall engage in the business of financing insurance premiums in this state without first having obtained a license as a premium...
- § 33-22-4 - Investigation of Applicants for Licenses; Issuance or Denial of License Generally; Hearing; Grounds for Issuance or Denial
(a) Upon the filing of an application and the payment of the license fee, the Commissioner shall make an investigation of each applicant and...
- § 33-22-5 - Minimum Capital Requirements; Deposit of Securities or Filing of Bond
No license shall be issued to any applicant for a license or renewal license under this chapter unless the applicant: (1) Shall possess and...
- § 33-22-6 - Grounds and Procedure for Revocation, Suspension, or Nonrenewal of License or Imposition of Probation or Fine
(a) The Commissioner may revoke or suspend the license of any premium finance company when and if after investigation the Commissioner finds that: (1)...
- § 33-22-7 - Maintenance of Records of Transactions by Licensees; Examination of Records by Commissioner
(a) Every licensee shall maintain records of its premium finance transactions and the said records shall be open to examination and investigation by the...
- § 33-22-8 - Form, Contents, Execution, and Delivery of Premium Finance Agreement; Financing of Additional Premiums
(a) A premium finance agreement shall: (1) Be dated and signed by or on behalf of the insured, and the printed portion of the...
- § 33-22-9 - Service Charges
(a) As used in this Code section, the term: (1) "Commercial insurance premium finance agreement" means any insurance premium finance agreement other than a...
- § 33-22-10 - Delinquency Charges; Returned Check Fees
(a) A premium finance agreement may provide for the payment by the insured of a delinquency charge ranging in amount from $1.50 to a...
- § 33-22-11 - Necessity of Filing of Premium Finance Agreement
No filing of the premium finance agreement shall be necessary to perfect the validity of the agreement as a secured transaction as against creditors,...
- § 33-22-12 - Notification of Insurer by Finance Company of Existence of Premium Finance Agreement
Any premium finance company which enters into a premium finance agreement under this chapter shall notify the insurer whose premiums are being financed of...
- § 33-22-12.1 - Notice to Insured by Premium Finance Company; Copy of Premium Finance Agreement; Notice of Existence of Power of Attorney
Whenever a premium finance company executes a premium finance agreement relative to a personal or family-type policy of insurance, it shall deliver to the...
- § 33-22-13 - Procedure for Cancellation of Insurance Contract Upon Default
(a) When a premium finance agreement contains a power of attorney enabling the premium finance company to cancel any insurance contract or contracts listed...
- § 33-22-14 - Disposition of Unearned Premiums Upon Cancellation of Insurance Policy
(a) Whenever an insurance policy is canceled and the premiums have been paid by an insurance premium finance company on behalf of the insured,...
- § 33-22-14.1 - Transmissions of Electronic Records Subject to Provisions of Uniform Electronic Transactions Act
Any use or transmission of electronic records or electronic signatures for purposes of this chapter shall be subject to the provisions of Chapter 12...
- § 33-22-15 - Promulgation of Rules and Regulations by Commissioner
The Commissioner may make and enforce such reasonable rules and regulations as may be necessary in making effective this chapter, but the rules and...
- § 33-22-16 - Applicability of Chapter
This chapter shall not apply with respect to: (1) Any insurance company authorized to do business in this state; (2) Any bank, trust company,...
- § 33-22-999
Index to Title 33 ---------------------An index to Title 33 is located at the end of Volume 25.Title NoteChapter Note
Last modified: October 14, 2016