Chapter

DOMESTIC STOCK AND MUTUAL INSURERS

O.C.G.A. § 33-14-1— Applicability of chapter
O.C.G.A. § 33-14-2— Definitions
O.C.G.A. § 33-14-3— Applicability of general corporation statutes
O.C.G.A. § 33-14-4— Execution and contents of application for charter
O.C.G.A. § 33-14-5— Filing of application for charter; fee; certification and publication of application; approval or disapproval of charter
O.C.G.A. § 33-14-6— Grant of corporate powers and privileges; issuance of certificate of incorporation; recordation of documents; appointment of attorney for acceptance of service of process
O.C.G.A. § 33-14-7— Name of corporation
O.C.G.A. § 33-14-8— Procedures for amendment or renewal of charter
O.C.G.A. § 33-14-9— Powers of corporations generally
O.C.G.A. § 33-14-10— Sale of subscriptions for insurance securities and sale offer of insurance securities
O.C.G.A. § 33-14-11— Charitable, scientific, or educational donations
O.C.G.A. § 33-14-12— Number, qualifications, election, and terms of directors
O.C.G.A. § 33-14-13— Maintenance of principal place of business and records; maintenance of assets within state; removal of records or assets from state without approval
O.C.G.A. § 33-14-14— Filing and terms of management and exclusive agency contracts; approval or disapproval of contracts by Commissioner
O.C.G.A. § 33-14-15— Borrowing of money
O.C.G.A. § 33-14-16— Participating and nonparticipating policies; earned dividend not to be made contingent upon payment of renewal premium
O.C.G.A. § 33-14-17— Voting securities
O.C.G.A. § 33-14-18— Filing of registration statement by holding company prior to offering of stock for sale to public; contents of statement; approval or disapproval of sale by Commissioner
O.C.G.A. § 33-14-19— Regulation of financial interests in and transactions with insurers by officers, directors, committee members, or employees
O.C.G.A. § 33-14-20— Limitation on commission received by persons selling stock of insurers; participation by corporate officers in commissions
O.C.G.A. § 33-14-21— Limitation on organizational expenses
O.C.G.A. § 33-14-22— Proceedings for correction of deficiency in assets or capital of insurer; institution of delinquency proceedings upon failure to correct deficiency
O.C.G.A. § 33-14-23— Extinguishment of charters of corporations not actively engaged in business; automatic extinguishment of charter upon merger or consolidation
O.C.G.A. § 33-14-24— Procedure for voluntary dissolution generally; effective date of dissolution; conditions precedent to effectuation of dissolution
O.C.G.A. § 33-14-25— Procedure for surrender of charter
O.C.G.A. § 33-14-26— Powers and duties of directors as trustees upon expiration of period of corporate existence; filling of vacancies and replacement of directors
O.C.G.A. § 33-14-27— Continuance of corporate existence subsequent to dissolution or expiration
O.C.G.A. § 33-14-40— Reinsurance of risks generally; bulk insurance agreements
O.C.G.A. § 33-14-41— Dividends payable only out of realized profits or upon special approval of Commissioner
O.C.G.A. § 33-14-42— Illegal dividends
O.C.G.A. § 33-14-43— Authorization and procedure for merger or consolidation; receipt of consideration by directors, officers, agents, or employees; formation of domestic insurance company for sole purpose of merging or consolidating with existing domestic insurer
O.C.G.A. § 33-14-45— Classes of common or preferred shares
O.C.G.A. § 33-14-60— Bylaws
O.C.G.A. § 33-14-61— Types of insurance in which newly organized insurers authorized to transact business; requirements as to transaction of particular kinds of insurance generally
O.C.G.A. § 33-14-62— Authorization of transaction of additional kinds of insurance
O.C.G.A. § 33-14-63— Filing of surety bond or deposit by incorporators of proposed insurer; conditions of bond or deposit; release and discharge
O.C.G.A. § 33-14-64— Solicitation of applications for policies upon approval of bond or deposit; provisions and execution of applications; requirement of cash premiums
O.C.G.A. § 33-14-65— Deposit of premiums and fees collected; issuance and delivery of policies by insurers; effective date of insurance
O.C.G.A. § 33-14-66— Return of deposits or premiums upon failure of proposed insurer to complete organization and secure original certificate of authority
O.C.G.A. § 33-14-67— Policyholders deemed members of insurers; persons entitled to become members; liability upon insurance contracts of representatives of members; rights of members generally
O.C.G.A. § 33-14-68— Contingent liability of members
O.C.G.A. § 33-14-69— Levy of assessment by directors; computation of assessment; allowance of offsets against assessments
O.C.G.A. § 33-14-70— Notice of assessment; presumption as to correctness of assessment; proceedings upon failure of member to pay assessment
O.C.G.A. § 33-14-71— Extinguishment of contingent liability; revocation of authority to issue policies without contingent liability; issuance of nonassessable policies by foreign or alien insurers
O.C.G.A. § 33-14-72— Reinsurance of risks
O.C.G.A. § 33-14-73— Dividends payable only out of net realized savings and earnings
O.C.G.A. § 33-14-74— Liability of directors for declaration or payment of illegal dividend
O.C.G.A. § 33-14-75— Procedure for merger or consolidation
O.C.G.A. § 33-14-76— Authorization and procedure for conversion of mutual insurer to stock insurer
O.C.G.A. § 33-14-77— Distribution of assets to members upon liquidation of insurers generally; calculation of distributive shares of members
O.C.G.A. § 33-14-90— “Equity security” defined
O.C.G.A. § 33-14-91— Filing of statements of equity securities ownership
O.C.G.A. § 33-14-92— Authorization of actions to recover for insurer profits from purchases and sales, or sale and purchase, within period of less than six months
O.C.G.A. § 33-14-93— Unlawful sales of securities
O.C.G.A. § 33-14-94— Sales by dealers in ordinary course of business and incident to establishment or maintenance of primary or secondary market exempted from article
O.C.G.A. § 33-14-95— Foreign or domestic arbitrage transactions exempted from article
O.C.G.A. § 33-14-96— Transactions in securities registered under Section 12 of Securities Exchange Act of 1934 exempted from article
O.C.G.A. § 33-14-97— Promulgation of rules and regulations by Commissioner; effect of rules and regulations upon liability under Code Sections 33-14-91 through 33-14-93
O.C.G.A. § 33-14-100— Definitions
O.C.G.A. § 33-14-101— Authorization to organize domestic limited purpose subsidiary
O.C.G.A. § 33-14-102— Approval of operation plan and certificate of authority requirements; certain disclosure requirements; examination by Commissioner
O.C.G.A. § 33-14-103— Powers of limited purpose subsidiary
O.C.G.A. § 33-14-104— Investment of funds
O.C.G.A. § 33-14-105— Officers and directors
O.C.G.A. § 33-14-106— Reinsurance
O.C.G.A. § 33-14-107— Assets
O.C.G.A. § 33-14-108— Applicability of certain provisions of this title
O.C.G.A. § 33-14-109— Adoption of rules
O.C.G.A. § 33-14-120— Definitions
O.C.G.A. § 33-14-121— Plans of division; requirements; amendment
O.C.G.A. § 33-14-122— Approval of plan of division
O.C.G.A. § 33-14-123— Approval by Commissioner after public notice and hearing; when plan of division not approved; factors for consideration; confidentiality; allocation of expenses; findings; final orders; additional procedures
O.C.G.A. § 33-14-124— Requirements for certificates of division; articles of incorporation; effective date
O.C.G.A. § 33-14-125— Upon division becoming effective; rights upon division; requirement for new financing statement; distributions
O.C.G.A. § 33-14-126— Responsibilities of resulting insurers
O.C.G.A. § 33-14-127— Rights of shareholders of dividing insurer
O.C.G.A. § 33-14-128— Regulatory authority