O.C.G.A.

O.C.G.A. § 33-2-12 (2019)

Examination of agents, solicitors, brokers, counselors, adjusters, managers, and promoters

✓ 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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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.

History

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

Annotations

JUDICIAL DECISIONS Cited in Clinton v. State Farm Mut. Auto. Ins. Co., 110 Ga. App. 417, 138 S.E.2d 687 (1964); Southeastern Adjust-

ers, Inc. v. Caldwell, 229 Ga. 4, 189 S.E.2d 76 (1972).

RESEARCH REFERENCES C.J.S. - 44 C.J.S., Insurance, § 45 et seq. ALR. - Public regulation or control of

insurance agents or brokers, 10 A.L.R.2d 950.

Notes of Decisions

Cited in 1 case, 1990–1990 · leading case: First Union Nat'l Bank v. Indep. Ins. Agents of Georgia, Inc., 398 S.E.2d 254 (Ga. Ct. App. 1990).

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First Union Nat'l Bank v. Indep. Ins. Agents of Georgia, Inc., 398 S.E.2d 254 (Ga. Ct. App. 1990). · cites it 2× “Acting pursuant to OCGA § 33-2-12, the Commissioner thereafter appointed an examiner to investigate the insurance-related activities of First Union Insurance Group, a division of First Union Mortgage Corporation, to ascertain whether those activities were violative of OCGA §…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.