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

O.C.G.A. § 33-22-7 (2019)

Maintenance of records of transactions by licensees; examination of records by Commissioner

✓ 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) Every licensee shall maintain records of its premium finance transactions and the said records shall be open to examination and investigation by the Commissioner. (b) Every licensee shall preserve its records of its premium finance transactions, including cards used in a card system, for at least three years after making the final entry in respect to any premium finance agreement. The preservation of records in photographic or electronic form shall constitute compliance with this requirement. (c) The Commissioner may at any time require any licensee to bring such records as he may direct to the Commissioner’s office for examination or, if he deems it necessary, the Commissioner or his duly authorized representative may conduct an examination of the records on the premises of the licensee. The expense of any on-the-premise examination shall be borne by the licensee, as provided in the case of examinations of insurers conducted pursuant to Code Section 33-2-15.

History

Ga. L. 1969, p. 561, § 7; Ga. L. 1975, p. 1234, § 4; Ga. L. 1980, p. 505, § 2; Ga. L. 2002, p. 1192, § 3.

Annotations

RESEARCH REFERENCES C.J.S. - 44 C.J.S., Insurance, § 45 et seq., 66 et seq.

Notes of Decisions
Cited in 1 case, 1999–1999 · leading case: Paulsen Street Investors v. EBCO Gen. Agencies, 514 S.E.2d 904 (Ga. Ct. App. 1999).
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Paulsen Street Investors v. EBCO Gen. Agencies, 514 S.E.2d 904 (Ga. Ct. App. 1999). · cites it 2× “” OCGA § 33-22-7 (c). Finally, the license can be revoked on a variety of substantive grounds, including the holder’s misappropriation of funds, unsound condition or a condition that would “render the future transaction of business in this state hazardous to the public,”…”
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.