Georgia Code, Title 33, Chapter 49 - Reinsurance Intermediaries

• § 33-49-1 - Short Title
  This chapter shall be known and may be cited as the "Reinsurance Intermediary Act."
• § 33-49-2 - 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...
• § 33-49-3 - Brokers and Managers Required to Be Licensed Producers; Surety Bond; Errors and Omissions Policy; Reinsurance Intermediary License; Exemption
  (a) No person, firm, association, or corporation shall act as a broker in this state if the broker maintains an office either directly or...
• § 33-49-4 - Written Authorization of Relationship Required; Contents
  Transactions between a broker and the insurer it represents in such capacity shall only be entered into pursuant to a written authorization specifying the...
• § 33-49-5 - Retention of Records
  (a) For at least ten years after expiration of each contract of reinsurance transacted by the broker, the broker will keep a complete record...
• § 33-49-6 - Prohibition Against Employing Unlicensed Broker or Individual Employed by Broker; Annual Statement of Broker's Financial Condition Required
  (a) An insurer shall not engage the services of any person, firm, association, or corporation to act as a broker on its behalf unless...
• § 33-49-7 - Written Contract Required Between Manager and Reinsurer; Contents
  Transactions between a manager and the reinsurer it represents in such capacity shall only be entered into pursuant to a written contract, specifying the...
• § 33-49-8 - Restrictions on Manager's Operations
  The manager shall not: (1) Cede retrocessions on behalf of the reinsurer, except that the manager may cede facultative retrocessions pursuant to obligatory facultative...
• § 33-49-9 - Restrictions on Reinsurer's Operations
  (a) A reinsurer shall not engage the services of any person, firm, association, or corporation to act as a manager on its behalf unless...
• § 33-49-10 - Examination of Reinsurance Intermediaries and Managers by Commissioner
  (a) A reinsurance intermediary shall be subject to examination by the Commissioner. The Commissioner shall have access to all books, bank accounts, and records...
• § 33-49-11 - Violations; Penalties
  (a) A reinsurance intermediary, insurer, or reinsurer found by the Commissioner, after a hearing conducted in accordance with Chapter 2 of this title, to...

Last modified: October 14, 2016