Section 3. Authorization and General Requirements for Transaction of Insurance, 33-3-1 through 33-3-30.
33-3-1. Definitions.
As used in this chapter, the term:
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"Administrative supervision" means the continued operation of the company under supervision of the Commissioner in accordance with regulations promulgated by the Commissioner.
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"Alien" insurer means an insurer formed under the laws of a country other than the United States.
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"Charter" means articles of incorporation, articles of agreement, articles of association, or other basic constituent document of a corporation; subscribers' agreement and power of attorney of a reciprocal insurer; or underwriters' agreement and power of attorney of a Lloyd's insurer.
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"Domestic" insurer means an insurer formed under the laws of Georgia.
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"Foreign" insurer means an insurer formed under the laws of another state or government of the United States.
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"State" means any state, commonwealth, territory, or district of the United States.
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"United States" includes the states, territories, districts, and commonwealths of the United States.
(Code 1933, § 56-301, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1992, p. 2877, § 4.)
Law reviews.
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For article discussing restrictions on the establishment and transaction of business by a foreign insurer in Georgia with emphasis on threshold requirements for establishment by alien insurers, see 27 Mercer L. Rev. 629 (1976).
JUDICIAL DECISIONS
Cited in
Aetna Cas. & Sur. Co. v. Sampley, 108 Ga. App. 617, 134 S.E.2d 71 (1963).
