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.
As used in this chapter, the term: (1) ‘‘Insurance premium finance agreement’’ means an agreement by which an insured or prospective insured promises to pay to a premium finance company the amount advanced or to be advanced under the agreement to an insurer or to an insurance agent or insurance broker in payment of premiums on an insurance contract together with a service charge as authorized and limited by this chapter. (2) ‘‘Insurance premium finance company’’ means a person engaged in the business of entering into insurance premium finance agreements. (3) ‘‘Licensee’’ means an insurance premium finance company holding a license issued by the Commissioner under this chapter.
History
Ga. L. 1969, p. 561, § 3.
Annotations
JUDICIAL DECISIONS Cited in United Budget Co. v. Georgia Insurers Insolvency Pool, 253 Ga. 435, 321 S.E.2d 333 (1984).
Notes of Decisions
Cited in 4
cases, 1984–1999 · leading case: Moore v. Scottsdale Ins., 450 S.E.2d 198 (Ga. 1994).
Moore v. Scottsdale Ins., 450 S.E.2d 198 (Ga. 1994). · cites it 4דSee OCGA § 33-22-2 (2). Siuprem retained a power of attorney to cancel the policy in the event of default.”
United Budget Co. v. Georgia Insurers Insolvency Pool, 321 S.E.2d 333 (Ga. 1984). · cites it 4ד” OCGA § 33-22-2 (2). An insurance premium finance agreement is “an agreement by which an insured or prospective insured promises to pay to a premium finance company the amount advanced or to be advanced under the agreement to an insurer .”
Paulsen Street Investors v. EBCO Gen. Agencies, 514 S.E.2d 904 (Ga. Ct. App. 1999). · cites it 2דPaulsen Street also argues that a distinction may be drawn between a “licensee” and an “insurance premium finance company,” separately defined in OCGA § 33-22-2 (2) and (3), so that an unlicensed entity illegally doing business as an “insurance premium finance company” may…”
Massachusetts Bay Ins. v. Photographic Assistance Corp., 732 F. Supp. 1572 (N.D. Ga. 1990). · cites it 2דO.C.G.A. § 33-22-2(1). 3 . O.C.G.A. § 33-22-13(a) provides: When a premium finance agreement contains a power of attorney enabling the premium finance company to cancel any insurance contract or contracts listed in the agreement, the insurance contract or contracts shall not be…”
— 33-22-2(1) — 1 case
Massachusetts Bay Ins. v. Photographic Assistance Corp., 732 F. Supp. 1572 (N.D. Ga. 1990). “O.C.G.A. § 33-22-2(1). 3 . O.C.G.A. § 33-22-13(a) provides: When a premium finance agreement contains a power of attorney enabling the premium finance company to cancel any insurance contract or contracts listed in the agreement, the insurance contract or contracts shall not be…”
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