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the Georgia Code
2006 Georgia Code - 33-1-2
33-1-2. As used in this title, the term:
(1) 'Commissioner of Insurance' or
'Commissioner' means the Commissioner of Insurance of the State of
Georgia. (1.1) 'Health
benefit policy,' 'health benefit plan,' or other similar terms do
not include limited benefit insurance policies designed,
advertised, and marketed to supplement major medical insurance such
as accident only, Champus supplement, dental, disability income,
fixed indemnity, long-term care, Medicare supplement, specified
disease, vision, and any other type of accident and sickness
insurance other than basic hospital expense, basic medical-surgical
expense, or major medical insurance. (2) 'Insurance' means a contract which is an
integral part of a plan for distributing individual losses whereby
one undertakes to indemnify another or to pay a specified amount or
benefits upon determinable contingencies. (3) 'Insurance Department' or 'department' means
the Insurance Department established by Code Section 33-2-1.
(4) 'Insurer' means any person
engaged as indemnitor, surety, or contractor who issues insurance,
annuity or endowment contracts, subscriber certificates, or other
contracts of insurance by whatever name called. Hospital service
nonprofit corporations, nonprofit medical service corporations,
burial associations, health care plans, and health maintenance
organizations are insurers within the meaning of this title.
(4.1) 'Natural person' means an
individual human being and does not include any firm, partnership,
association, corporation, or trust. (5) 'Person' means an individual, insurer,
company, association, trade association, organization, society,
reciprocal or interinsurance exchange, partnership, syndicate,
business trust, corporation, Lloyd́s
association, and associations, groups, or department of
underwriters, and any other legal entity. (5.1) 'Security,' 'security deposit,' 'special
deposit,' or 'deposit,' when used to refer to posted deposits
required to be placed in the possession of the Commissioner, shall
mean the actual physical evidence of a security, such as a
certificate, or an entry made through the federal reserve
book-entry system. The federal reserve book-entry system shall be
limited in meaning to the computerized systems sponsored by the
United States Department of Treasury and certain agencies and
instrumentalities of the United States for holding and transferring
securities of the United States government and such agencies and
instrumentalities, respectively, in federal reserve banks through
banks which are members of the Federal Reserve System or which
otherwise have access to such computerized systems.
(6) 'Transact,' with respect to
insurance, includes any of the following: (A) Solicitation and inducement;
(B) Preliminary negotiations;
(C) Effectuation of a contract of
insurance; or (D) Transaction
of matters subsequent to effectuation of the contract and arising
out of it.
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