O.C.G.A.

O.C.G.A. § 33-8-13 (2019)

Exemption of certain insurance companies from taxes

✓ 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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Any other provision of this chapter to the contrary notwithstanding, an insurance company exempt from federal income tax pursuant to the provisions of 26 U.S.C. Section 501(c)(3) or (4) and which only insures the risks of places of worship shall be exempt from the taxes levied upon insurance companies pursuant to Code Sections 33-8-4, 33-8-8, 33-8-8.1, and 33-8-8.2. Any insurance company desiring the exemption provided by this Code section shall present to the Commissioner the certificate issued by the federal Internal Revenue Service demonstrating the company’s tax exempt status and such evidence of the scope of the company’s business as the Commissioner shall deem necessary.

History

Code 1981, § 33-8-13, enacted by Ga. L. 1996, p. 1264, § 1.

Annotations

Code Commission notes. - Pursuant to Code Section 28-9-5, in 1996, ‘‘Commis-

sioner’’ was substituted for ‘‘commissioner’’ in two places in the second sentence.

CHAPTER 9 REGULATION OF RATES, UNDERWRITING RULES, AND RELATED ORGANIZATIONS Sec.

Purpose and construction of chapter. Definitions. Application of chapter. Standards applicable to making and use of rates. Authorized joint actions by insurers generally. Authorized joint actions by two or more admitted insurers having common ownership or operating under common management or control generally. Authorized agreements among admitted insurers for apportionment of property and casualty insurance; approval by Commissioner; review of practices and activities. Agreements to share high-risk applicants; approval of rates. Use of rating systems, underwriting rules, or forms of rating or advisory organizations. Conduct of operations by organizations engaging in joint underwriting or reinsurance. Authorization of cooperation among rating organizations and insurers; review of cooperative activities and practices by Commissioner and proceedings thereon. Requirement of license for rating organization; application; fee. Evidence to be submitted by rating organization for license. Examination of rating organization application; investigation of applicant; issuance of license; duration of license. Annual license fee for rating organizations. Adoption by rating organizations of rules governing eligibility for membership generally.

Sec.

Requirement by rating organizations of membership by all insurers having common ownership or operating under common management.