O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-14-97 (2019)

Promulgation of rules and regulations by Commissioner; effect of rules and regulations upon liability under Code Sections 33-14-91 through 33-14-93

✓ O.C.G.A.: 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(a) The Commissioner shall have the power to make any reasonable rules and regulations as may be necessary for the execution of the functions vested in him by this article and may for that purpose classify domestic stock insurers, securities, and other persons or matters within his jurisdiction.

(b) No provision of Code Sections 33-14-91 through 33-14-93 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the Commissioner notwithstanding that the rule or regulation may after the act or omission be amended or rescinded or determined by judicial or other authority to be invalid for any reason.

History

Code 1933, § 56-1608, enacted by Ga. L. 1965, p. 378, § 3.

ARTICLE 5 LIMITED PURPOSE SUBSIDIARY INSURANCE COMPANIES Administrative rules and regulations. - Limited purpose subsidiaries, Official Compilation of the Rules and Reg-

ulations of the State of Georgia, Rules of Comptroller General, Commissioner of Insurance, Chapter 120-2-100.

Annotations

Administrative Rules and Regulations. - Limited Purpose Subsidiaries, Official Compilation of the Rules and Regulations of the State of Georgia, Rules of Comptroller General Office of Commissioner of Insurance, Chapter 120-2-100.