TITLE 33 INSURANCE

Section 13. Insurance Holding Company Systems, 33-13-1 through 33-13-41.

ARTICLE 2 OWN RISK AND SOLVENCY ASSESSMENT REPORT

33-13-39. Penalty for noncompliance.

Any insurer failing, without just cause, to timely file the ORSA Summary Report as required in this article may be subject to any penalty set forth in subsection (g) of Code Section 33-2-24. The Commissioner may reduce the monetary penalty if the insurer demonstrates to the Commissioner that the imposition of the monetary penalty would constitute a financial hardship to the insurer.

(Code 1981, §33-13-39, enacted by Ga. L. 2015, p. 608, § 2/SB 108.)