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O.C.G.A. § 33-3-1

Definitions

— Code 1933, § 56-301, en- transaction of business by a foreign inacted by Ga

As used in this chapter, the term:

in any other business or occupation for remuneration or profit without written consent of insurance company is a good policy is not a decision for the United States Court of Appeals for the fifth circuit to make; rather, the United States Court of Appeals is merely required to determine if the challenged activity is the business of insurance and, thus, exempt from antitrust liability, because Congress has determined that the states are the proper regulators of such business activity. Thompson v. New York Life Ins. Co., 644 F.2d 439 (5th Cir. 1981).

(1) “Administrative supervision” means the continued operation of the company under supervision of the Commissioner in accordance with regulations promulgated by the Commissioner.

(2) “Alien” insurer means an insurer formed under the laws of a country other than the United States.

(3) “Charter” means articles of incorporation, articles of agree-

ment, articles of association, or other basic constituent document of a corporation; subscribers’ agreement and power of attorney of a reciprocal insurer; or underwriters’ agreement and power of attorney of a Lloyd’s insurer.

(4) “Domestic” insurer means an insurer formed under the laws of Georgia.

(5) “Foreign” insurer means an insurer formed under the laws of another state or government of the United States.

(6) “State” means any state, commonwealth, territory, or district of the United States.

(7) “United States” includes the states, territories, districts, and commonwealths of the United States.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.