§ 33-23-3. [Effective 7/1/2019] Agency licensing and biennual renewals; ownership restrictions.

CODE OF GEORGIA

Title 33. INSURANCE

Chapter 23. LICENSING OF AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS

Article 1. AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS

Current through 2019 Chapter 321

§ 33-23-3. [Effective 7/1/2019] Agency licensing and biennual renewals; ownership restrictions

(a) Each principal office and each branch office of an agency as defined in paragraph (2) of subsection (a) of Code Section 33-23-1 must obtain an agency license prior to commencement of operations and renew such license biennially and prior to December 31 by filing application forms prescribed by the Commissioner.

(b) An agency shall be subject to all penalties, fines, criminal sanctions, and other actions authorized for agents under this title.
(c) No person shall be an owner of an agency or, if the agency is a corporation, no person shall be an officer or director of such corporation or own 10 percent or more of the corporation if such person has had his or her license under this title refused, revoked, or suspended.

Cite as OCGA § 33-23-3

History. Amended by 2019 Ga. Laws 140, §4, eff. 7/1/2019.

Amended by 2012 Ga. Laws 419, §1, eff. 3/22/2012.

Amended by 2011 Ga. Laws 220, §2, eff. 5/12/2011.

Amended by 2001 Ga. Laws 293, §1, eff. 7/1/2002.

Note: This section is set out twice. See also § 33-23-3, effective until 7/1/2019.