O.C.G.A. § 33-35-23 (2019)
Applicability of Chapter 6 of title
Chapter 6 of this title, applicable to insurers, shall apply to sponsors as defined in paragraph (6) of Code Section 33-35-2; and, for the purpose of determining whether a violation of Chapter 6 of this title has occurred, a subscriber, as defined in paragraph (7) of Code Section 33-35-2, shall be deemed to be an insured or a policyholder as used in Chapter 6 of this title, whichever is applicable.
History
Code 1933, § 56-3511, enacted by Ga. L. 1975, p. 1268, § 1; Ga. L. 2005, p. 60, § 33/HB 95.
CHAPTER 36 GEORGIA INSURERS INSOLVENCY POOL Sec.
Sec.
Annotations
Law reviews. - For article, "Why Captives, Lord, What Have They Ever Done?: The Georgia Captive Insurance Company Act," see 26 Ga. St. B.J. 119 (1990).
OPINIONS OF THE ATTORNEY GENERAL
Self-regulation. - One indirect effect of Ga. L. 1970, p. 700 (see O.C.G.A. Ch. 36, T. 33) is to induce a degree of self-regulation by the insurance industry; another, more direct consequence of Ga. L. 1970, p. 700 is to provide an industry-financed buffer between an individual policyholder and the policyholder's insurer in the event the latter does become insolvent. 1972 Op. Att'y Gen. No. 72-158.
Contracts covering losses incurred by automobile dealers under warranty agreements are of the type of insurance covered by O.C.G.A. Ch. 36, T. 33. 1981 Op. Att'y Gen. No. 81-95.
RESEARCH REFERENCES
ALR. - Right of policyholder having matured claim to priority over other policyholders in the distribution of assets of insolvent insurance company, 1 A.L.R. 598.
What constitutes insolvency of insurance company justifying state dissolution proceedings and the like, 17 A.L.R.4th 16.
Validity, construction, and effect of statute establishing compensation for claims not paid because of insurer's insolvency, 30 A.L.R.4th 1110.