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2018 Georgia Code 33-2-12 | Car Wreck Lawyer

TITLE 33 INSURANCE

Section 2. Department and Commissioner of Insurance, 33-2-1 through 33-2-34.

33-2-12. Examination of agents, solicitors, brokers, counselors, adjusters, managers, and promoters.

For the purpose of ascertaining their compliance with this title, when he deems it necessary in the public interest, the Commissioner may examine the affairs, accounts, records, documents, and transactions of:

  1. Any insurance agent, subagent, broker, counselor, adjuster, or any other person licensed under this title;
  2. Any person having a contract under which he enjoys in fact the exclusive or dominant right to control an insurer;
  3. Any person holding the shares of capital stock or policyholder proxies of a domestic insurer for the purpose of control of its management either as voting trustee or otherwise;
  4. Any person engaged in the promotion or formation of a domestic insurer, or insurance holding corporation, or corporation to finance a domestic insurer or the production of its business;
  5. Any other person transacting the business of insurance, whether authorized or unauthorized;
  6. Any person or affiliate of such person who proposes or makes application to acquire any domestic insurer or any affiliate of a domestic insurer; and
  7. Any person seeking to acquire any other person subject to the jurisdiction of the Commissioner pursuant to this title.

(Code 1933, § 56-209, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1992, p. 2877, § 2.)

JUDICIAL DECISIONS

Cited in Clinton v. State Farm Mut. Auto. Ins. Co., 110 Ga. App. 417, 138 S.E.2d 687 (1964); Southeastern Adjusters, Inc. v. Caldwell, 229 Ga. 4, 189 S.E.2d 76 (1972).

RESEARCH REFERENCES

C.J.S.

- 44 C.J.S., Insurance, § 56.

ALR.

- Public regulation or control of insurance agents or brokers, 10 A.L.R.2d 950.

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