2016 Georgia Code
Title 33 - Insurance
Chapter 41 - Captive Insurance Companies
§ 33-41-4. Prerequisites to transacting insurance

GA Code § 33-41-4 (2016) What's This?

No captive insurance company may transact any insurance in this state unless:

(1) It first obtains from the Commissioner a certificate of authority authorizing it to transact insurance in this state;

(2) It maintains its principal place of business in this state;

(3) Any organization providing the principal administrative or management services to such captive insurance company shall be approved by the Commissioner; and

(4) Its board of directors holds at least one meeting each year in this state.

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