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2017 Georgia Code
Title 33 - Insurance
Chapter 49 - Reinsurance Intermediaries
§ 33-49-6. Prohibition against employing unlicensed broker or individual employed by broker; annual statement of broker's financial condition required
Universal Citation: GA Code § 33-49-6 (2017)
- (a) An insurer shall not engage the services of any person, firm, association, or corporation to act as a broker on its behalf unless such person is licensed as required by subsection (a) of Code Section 33-49-3.
- (b) An insurer may not employ an individual who is employed by a broker with which it transacts business unless such broker is under common control with the insurer and subject to Chapter 13 of this title.
- (c) The insurer shall annually obtain a copy of statements of the financial condition of each broker with which it transacts business.
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