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O.C.G.A. § 33-15-106 — Deficiencies of foreign or alien society; notice; enforcement procedures | Georgia Code
O.C.G.A. § 33-15-106 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 33 INSURANCE

Section 15. Fraternal Benefit Societies, 33-15-1 through 33-15-123.

ARTICLE 6 VALUATION STANDARDS; LICENSES AND RENEWALS; EXAMINATIONS; VIOLATIONS; AGENTS OR REPRESENTATIVES

33-15-106. Deficiencies of foreign or alien society; notice; enforcement procedures.

  1. When the Commissioner upon investigation finds that a foreign or alien society transacting or applying to transact business in this state:
    1. Has exceeded its powers;
    2. Has failed to comply with any of the provisions of this chapter;
    3. Is not fulfilling its contracts in good faith; or
    4. Is conducting its business fraudulently or in a manner hazardous to its members or creditors or the public,

      the Commissioner shall notify the society of such deficiency or deficiencies in the manner and under the procedures provided by Chapter 2 of this title.

  2. Nothing contained in this Code section shall be taken or construed as preventing any such society from continuing in good faith all contracts made in this state during the time such society was legally authorized to transact business in this state.

(Code 1981, §33-15-106, enacted by Ga. L. 1993, p. 1744, § 1.)

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This Georgia Code resource is curated by Georgia Bar member Graham W. Syfert, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. Attorney Syfert regularly works with Title 33 in the context of Georgia insurance coverage law and represents clients throughout Northeast Florida and South Georgia. For legal consultation, call 904-383-7448.