Georgia Code, Title 33, Chapter 40 - Risk Retention Groups

• § 33-40-1 - Purpose
  The purpose of this chapter is to regulate the formation and operation of risk retention groups in this state formed pursuant to the provisions...
• § 33-40-2 - Definitions
  As used in this chapter, the term: (1) "Commissioner" means the Commissioner of Insurance of the State of Georgia or the commissioner, director, or...
• § 33-40-3 - Risk Retention Groups Chartered in This State
  A risk retention group seeking to be chartered in this state must be chartered and licensed as a casualty or liability insurance company as...
• § 33-40-4 - Risk Retention Groups Not Chartered in This State
  (a) Risk retention groups chartered in states other than this state and seeking to do business as a risk retention group in this state...
• § 33-40-5 - Tax on Premiums
  (a) All premiums paid for coverages within this state to risk retention groups shall be subject to taxation at the rate of 4 percent...
• § 33-40-6 - Unfair Trade Practices
  Any risk retention group and its agents and representatives shall comply with Chapter 6 of this title and all rules and regulations promulgated pursuant...
• § 33-40-7 - Financial Examination
  Any risk retention group must submit to an examination by the Commissioner to determine its financial condition if the commissioner of the jurisdiction in...
• § 33-40-8 - Notice Required in Policy
  Any policy issued by a risk retention group shall contain in ten-point type on the front page and the declaration page the following notice:NOTICE...
• § 33-40-9 - Prohibited Acts
  The following acts by a risk retention group are prohibited: (1) The solicitation or sale of insurance by a risk retention group to any...
• § 33-40-10 - Insurance Companies As Members
  No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or...
• § 33-40-11 - Financially Impaired Nonresident Groups
  A risk retention group not chartered in this state and doing business in this state must comply with a lawful order issued in a...
• § 33-40-12 - Georgia Insurers Insolvency Pool
  No risk retention group shall be permitted to join or contribute financially to the Georgia Insurers Insolvency Pool under Chapter 36 of this title...
• § 33-40-13 - Countersigning Policies
  Reserved. Repealed by Ga. L. 1999, p. 878, § 14, effective July 1, 1999.
• § 33-40-14 - Federal Purchasing Groups
  Any purchasing group meeting the criteria established under the provisions of the federal Liability Risk Retention Act of 1986 shall be exempt from any...
• § 33-40-15 - Purchasing Group Requirements
  (a) A purchasing group which intends to do business in this state shall furnish to the Commissioner notice which shall: (1) Identify the state...
• § 33-40-16 - Purchases by Purchasing Group
  A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not...
• § 33-40-17 - Enforcement
  The Commissioner is authorized to make use of any of the powers established under this title to enforce the laws of this state so...
• § 33-40-18 - Penalties
  Any risk retention group which violates any provision of this chapter will be subject to fines and penalties applicable to licensed insurers generally, including...
• § 33-40-19 - License Requirement
  Any person acting or offering to act as an agent or broker for a risk retention group or purchasing group which solicits members, sells...
• § 33-40-20 - Enforcement of Federal Order
  An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating, in...
• § 33-40-21 - Rules
  The Commissioner may establish and from time to time amend such rules relating to risk retention groups as may be necessary or desirable to...

Last modified: October 14, 2016