Georgia Code, Title 33, Chapter 47 - Managing General Agents

• § 33-47-1 - Short Title
  This chapter shall be known and may be cited as the "Managing General Agents Act."
• § 33-47-2 - Definitions
  As used in this chapter, the term: (1) "Actuary" means a person who is a member in good standing of the American Academy of...
• § 33-47-3 - License Required; Surety Bond; Errors and Omissions Policy
  (a) No person, firm, association, or corporation shall act in the capacity of a managing general agent with respect to risks located in this...
• § 33-47-4 - Written Contract With Insurer Required; Contents
  No person, firm, association, or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is...
• § 33-47-4.1 - Fully Earned Policy Fees
  No licensed managing general agent may charge a fully earned policy fee in connection with the issuance of an insurance policy unless such fee...
• § 33-47-5 - Insurer's Oversight Responsibilities; Notice to Commissioner of Relationship With Managing General Agent; Conflict of Interest
  (a) The insurer shall have on file an independent financial examination, in a form acceptable to the Commissioner, of each managing general agent with...
• § 33-47-6 - Principal and Agent Relationship Created
  The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing...
• § 33-47-7 - Violation of Chapter; Penalties
  (a) If the Commissioner finds, after a hearing conducted in accordance with Chapter 2 of this title, that any person has violated any provision...

Last modified: October 14, 2016