O.C.G.A.

O.C.G.A. § 33-38-9 (2019)

Delegation of powers and duties of the association

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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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The plan of operation described in Code Section 33-38-8 may provide that any or all powers and duties of the association, except those under subparagraph (a)(14)(C) of Code Section 33-38-7 and Code Section 33-38-15, shall be delegated to a corporation, association, or other organization which performs or will perform functions similar to those of this association or its equivalent in two or more states. Such a corporation, association, or organization shall be reimbursed for any payments made on behalf of the association and shall be paid for its performance of any function of the association. A delegation under this Code section shall take effect only with the approval of both the board of directors and the Commissioner and may be made only to a corporation, association, or organization which extends protection not substantially less favorable and effective than that provided for by this chapter.

History

Code 1933, § 56-2208, enacted by Ga. L. 1981, p. 1336, § 1; Ga. L. 1990, p. 8, § 33; Ga. L. 2012, p. 701,

§ 1/HB 786; Ga. L. 2020, p. 113, § 7/HB 1050. The 2020 amendment, effective July

1, 2020, substituted ‘‘subparagraph (a)(14)(C)’’ for ‘‘subparagraph (C) of paragraph (14)’’ in the first sentence.

Annotations

The 2012 amendment, effective July 1, 2012, substituted "paragraph (14)" for "paragraph (10)" in the first sentence of this Code section.