reglab/housing_qa huggingface dataset:
GA Code § 33-14-105 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 5 - Limited Purpose Subsidiary Insurance Companies|§ 33-14-105. Officers and Directors

 The officers and directors of an organizing domestic reinsurer may serve as officers and directors of a limited purpose subsidiary organized by the organizing domestic reinsurer pursuant to this article.    (Code 1981, §33-14-105, enacted by Ga. L. 2011, p. 446, § 1/HB 341.)
GA Code § 33-14-106 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 5 - Limited Purpose Subsidiary Insurance Companies|§ 33-14-106. Reinsurance

 A limited purpose subsidiary may, upon approval of the Commissioner, reinsure the risks assumed by the limited purpose subsidiary.    (Code 1981, §33-14-106, enacted by Ga. L. 2011, p. 446, § 1/HB 341.)   RESEARCH REFERENCES   ALR.   - Who may enforce liability of reinsurer, 87 A.L.R.6th 319.
GA Code § 33-14-107 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 5 - Limited Purpose Subsidiary Insurance Companies|§ 33-14-107. Assets

  Assets of a limited purpose subsidiary that are approved by the Commissioner as admitted assets must comply with requirements established by the Commissioner under rules adopted pursuant to this article.   All other assets shall not be admitted assets.     (Code 1981, §33-14-107, enacted by Ga. L. 2011, p. 446, § 1/HB 341; Ga. L. 2019, p. 337, § 1-72/SB 132.)    The 2019 amendment,  effective July 1, 2019, substituted "not be admitted assets" for "be nonadmitted" in subsection (b).
GA Code § 33-14-108 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 5 - Limited Purpose Subsidiary Insurance Companies|§ 33-14-108. Applicability of Certain Provisions of This Title

 The following provisions of this title shall not apply to a limited purpose subsidiary organized under this article:    Code Section 33-3-6;   Code Section 33-3-7;   Code Section 33-3-8;   Code Section 33-7-14;   Article 2 of Chapter 11;   Code Section 33-13-4;   Code Section 33-13-5;   Code Section 33-14-40; and   Chapter 56.     (Code 1981, §33-14-108, enacted by Ga. L. 2011, p. 446, § 1/HB 341; Ga. L. 2019, p. 337, § 1-73/SB 132.)    The 2019 amendment,  effective July 1, 2019, in this Code section, substituted "this title shall not apply" for "the Code do not apply" in the introductory language, deleted "of this title" following "Chapter 11" in paragraph (5), and deleted "of this title" following "Chapter 56" in paragraph (9).
GA Code § 33-14-109 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 5 - Limited Purpose Subsidiary Insurance Companies|§ 33-14-109. Adoption of Rules

  The Commissioner shall, before approving a limited purpose subsidiary under this article, adopt rules pursuant to Code Section 33-2-9 to implement this article.   The rules adopted under subsection (a) of this Code section shall address, but not be limited to, the following concerning limited purpose subsidiaries:   Requirements for organization of a limited purpose subsidiary;   Requirements for a plan of operation;   Capital, surplus, and risk-based capital requirements;   Requirements for reporting and notifications;   Requirements for reserves, including actuarial certification;   Requirements for authorized investments;   Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary;   Requirements and restrictions for material transactions;   Requirements for dividends and distributions;   Requirements for operations; and   Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.       (Code 1981, §33-14-109, enacted by Ga. L. 2011, p. 446, § 1/HB 341.)
GA Code § 33-14-120 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 6 - Division of Domestic Insurers|§ 33-14-120. Definitions

 As used in this article, the term:    "Capital" means the capital stock component of statutory surplus, as defined in the National Association of Insurance Commissioners Accounting Practices and Procedures Manual, version effective January 1, 2001, and subsequent revisions.   "Director" means a person:   By or under whose authority the powers of a corporation are exercised; and   Under whose direction the business and affairs of the corporation are managed pursuant to the articles of incorporation or bylaws of the corporation.     "Divide" or "division" means a transaction in which a domestic insurer divides into two or more resulting domestic insurers.   "Dividing insurer" means a domestic insurer that approves a plan of division pursuant to Code Section 33-14-122.   "Liability" means a debt, obligation, or any other liability arising in any manner, regardless of whether it is secured or contingent.   "New insurer" means a domestic insurer that is created by a division occurring on or after July 1, 2019.   "Property" means all property, whether real, personal, or mixed, tangible or intangible, or any right or interest therein, including rights under contracts and other binding agreements.   "Resulting insurer" means a new insurer or a dividing insurer that survives a division.   "Share" means a share of membership in a corporation.   "Shareholder" means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation.   "Sign" or "signature" means any manual, facsimile, conformed, or electronic signature.   "Surplus" means total statutory surplus less capital stock, adjusted for the par value of any treasury stock, calculated in accordance with the National Association of Insurance Commissioners Accounting Practices and Procedures Manual, version effective January 1, 2001, and subsequent revisions.   "Transfer" means an assignment, conveyance, sale, lease, or encumbrance, including a mortgage or security interest, gift, or transfer by operation of law.     (Code 1981, §33-14-120, enacted by Ga. L. 2019, p. 474, § 1/SB 156.)   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 2019, "July 1, 2019" was substituted for "the effective date of this article" in paragraph (6).
GA Code § 33-14-122 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 6 - Division of Domestic Insurers|§ 33-14-122. Approval of Plan of Division

  Except as provided in subsections (b) and (c) of this Code section, a dividing insurer shall not file a plan of division with the Commissioner unless such plan has been approved in accordance with:   All provisions of its articles of incorporation and bylaws; or   If its articles of incorporation and bylaws do not provide for approval of a division, all provisions of its articles of incorporation and bylaws that provide for approval of a merger.     Shareholder approval of a plan of division shall not be required unless:   The articles of incorporation and bylaws of the dividing insurer require such approval;   The plan makes an amendment to the articles of incorporation and bylaws requiring such approval; or   The dividing insurer will not survive the proposed division and has only one class of shares outstanding and the shares of each new insurer will not be distributed pro rata to the shareholders.       If any provision of the articles of incorporation and bylaws of a dividing insurer adopted before July 1, 2019, requires that a specific number or percentage of directors or shareholders approve the proposal or adoption of a plan of merger, or imposes other special procedures for the proposal or adoption of a plan of merger, such dividing insurer shall adhere to such provision in proposing or adopting a plan of division.   If a provision of any debt security, note, or similar evidence of indebtedness for money borrowed, whether secured or unsecured, indenture or other contract relating to indebtedness, or a provision of any other type of contract other than an insurance policy, annuity, or reinsurance agreement, that was issued, incurred, or executed by the domestic insurer before July 1, 2019, requires the consent of the obligee to a merger of the insurer or treats such a merger as a default and does not provide that a division of the insurer does not require the consent of the obligee or treat a division as a default, as applicable, then such provision applies to a division of the insurer as if such division were a merger.   If any provision described in paragraph (1) or (2) of this subsection is amended on or after July 1, 2019, such provision shall thereafter apply to a division only in accordance with its express terms.       (Code 1981, §33-14-122, enacted by Ga. L. 2019, p. 474, § 1/SB 156.)   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 2019, "July 1, 2019," was substituted for "the effective date of this article" near the beginning of paragraph (c)(1) and near the middle of paragraph (c)(2) and "July 1, 2019" was substituted for "the effective date of this article" in paragraph (c)(3).
GA Code § 33-14-124 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 6 - Division of Domestic Insurers|§ 33-14-124. Requirements for Certificates of Division; Articles of Incorporation; Effective Date

  After a plan of division has been adopted and approved under Code Sections 33-14-122 and 33-14-123, an officer or duly authorized representative of the dividing insurer shall sign a certificate of division.   The certificate of division shall set forth:   The name of the dividing insurer;   A statement disclosing whether the dividing insurer will survive the division;   The name of each resulting insurer;   The date on which the division is to be effective, which shall not be more than 90 days after the dividing insurer has filed the certificate of division with the Secretary of State;   A statement that the division was approved by the dividing insurer in accordance with Code Section 33-14-122;   A statement that the division was approved by the Commissioner in accordance with Code Section 33-14-123;   A statement that the dividing insurer provided, not later than ten business days after the dividing insurer filed the plan of division with the Commissioner, reasonable notice to each insurer or reinsurer that is party to a reinsurance contract allocated in the plan of division;   If the dividing insurer will survive the division, any amendment to its articles of incorporation approved as part of the plan of division;   For each new insurer created by the division, its articles of incorporation, which need not state the name or address of an incorporator of a corporation; and   A reasonable description of the capital, surplus, other property, and policies and other liabilities of the dividing insurer that are to be allocated to each resulting insurer.     The articles of incorporation, if any, of each new insurer must satisfy the requirements of the laws of this state, but such articles need not be signed or include any provision that need not be included in a restatement of such articles.   A certificate of division shall be effective when filed with the Secretary of State or on such other date specified in the plan of division, whichever is later; provided, however, that a certificate of division shall become effective not more than 90 days after it is filed with the Secretary of State. A division shall be effective when the relevant certificate of division becomes effective.     (Code 1981, §33-14-124, enacted by Ga. L. 2019, p. 474, § 1/SB 156.)
GA Code § 33-14-126 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 6 - Division of Domestic Insurers|§ 33-14-126. Responsibilities of Resulting Insurers

  Except as provided in this Code section, when a division becomes effective, a resulting insurer shall be responsible:   Individually for the policies and other liabilities the resulting insurer issues, undertakes, or incurs in its own name after the division;   Individually for the policies and other liabilities of the dividing insurer that are allocated to or remain the liability of the resulting insurer to the extent specified in the plan of division; and   Jointly and severally with the other resulting insurers for the policies and other liabilities of the dividing insurer that are not allocated by the plan of division.     If a division breaches an obligation of the dividing insurer, all of the resulting insurers shall be liable, jointly and severally, for the breach, but the validity and effectiveness of the division shall not be affected by the breach.   A direct or indirect allocation of capital, surplus, property, or policies or other liabilities in a division shall not be considered a distribution for purposes of the articles of incorporation or bylaws of the dividing insurer or any of the resulting insurers.   Liens, security interests, and other charges on the capital, surplus, or other property of the dividing insurer shall not be impaired by the division, notwithstanding any otherwise enforceable allocation of policies or other liabilities of the dividing insurer.   If the dividing insurer is bound by a security agreement governed by Article 9 of Title 11, or Article 9 of the Uniform Commercial Code as enacted in any other jurisdiction, and the security agreement provides that the security interest attaches to after-acquired collateral, each resulting insurer shall be bound by the security agreement.   Except as provided in the plan of division and specifically approved by the Commissioner, an allocation of a policy or other liability shall not affect the rights under any other law of a policyholder or creditor owed payment on the policy, or payment of any other type of liability or performance of the obligation that creates the liability, except that those rights shall be available only against a resulting insurer responsible for the policy, liability, or obligation under this Code section.     (Code 1981, §33-14-126, enacted by Ga. L. 2019, p. 474, § 1/SB 156.)
GA Code § 33-14-127 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 6 - Division of Domestic Insurers|§ 33-14-127. Rights of Shareholders of Dividing Insurer

 A shareholder of a dividing insurer shall be entitled to appraisal rights and to obtain payment of the fair value of that shareholder's shares pursuant to Code Section 14-2-1302.    (Code 1981, §33-14-127, enacted by Ga. L. 2019, p. 474, § 1/SB 156.)
GA Code § 33-14-128 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 14 - Domestic Stock and Mutual Insurers|Article 6 - Division of Domestic Insurers|§ 33-14-128. Regulatory Authority

 The Commissioner may, in accordance with the procedures set forth in Code Section 33-2-9, promulgate rules and regulations necessary to implement and enforce the provisions of this article. If the Commissioner should find that extraordinary circumstances exist and that it would be in the best interests of the citizens of this state, the Commissioner may suspend temporarily the applicability of any rule or regulation promulgated pursuant to this article.    (Code 1981, §33-14-128, enacted by Ga. L. 2019, p. 474, § 1/SB 156.)
GA Code § 33-15-1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 15 - Fraternal Benefit Societies|Article 1 - Organization and Governance; Definitions|§ 33-15-1. Description of Fraternal Benefit Society

 Any incorporated society, order, or supreme lodge, without capital stock, including one exempted under the provisions of paragraph (2) of subsection (a) of Code Section 33-15-123, whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this chapter is declared to be a fraternal benefit society.    (Code 1981, §33-15-1, enacted by Ga. L. 1993, p. 1744, § 1.)
GA Code § 33-15-2 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 15 - Fraternal Benefit Societies|Article 1 - Organization and Governance; Definitions|§ 33-15-2. Lodge System; Lodges for Children

  A society is operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated, or admitted in accordance with its laws, rules, and ritual. Subordinate lodges shall be required by the laws of the society to hold regular meetings periodically in furtherance of the purposes of the society.   A society may, at its option, organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges shall not be required of such children nor shall they have a voice or vote in the management of the society.     (Code 1981, §33-15-2, enacted by Ga. L. 1993, p. 1744, § 1.)
GA Code § 33-15-4 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 15 - Fraternal Benefit Societies|Article 1 - Organization and Governance; Definitions|§ 33-15-4. Definitions

 As used in this chapter, the term:    "Benefit contract" means the agreement for provision of benefits authorized by Code Section 33-15-60, as that agreement is described in subsection (a) of Code Section 33-15-63.   "Benefit member" means an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract.   "Certificate" means the document issued as written evidence of the benefit contract.   "Laws" means the society's articles of incorporation, charter, constitution, and bylaws, however designated.   "Lodge" means subordinate member units of the society, known as camps, courts, councils, branches, or by any other designation.   "Premiums" means premiums, rates, dues, or other required contributions by whatever name known, which are payable under the certificate.   "Rules" means all rules, regulations, or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society.   "Society" means fraternal benefit society, unless otherwise indicated.     (Code 1981, §33-15-4, enacted by Ga. L. 1993, p. 1744, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 36 Am. Jur. 2d, Fraternal Orders and Benefit Societies, § 1. 43 Am. Jur. 2d, Insurance, § 65.   C.J.S.   - 10 C.J.S., Beneficial Associations, § 1 et seq.
GA Code § 33-15-5 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 15 - Fraternal Benefit Societies|Article 1 - Organization and Governance; Definitions|§ 33-15-5. Purposes of Society; Adoption of Laws and Rules

  A society shall operate for the benefit of members and their beneficiaries by:   Providing benefits as specified in Code Section 33-15-60; and   Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes for the benefit of its members, which may also be extended to others.  Such purposes may be carried out directly by the society or indirectly through subsidiary corporations or affiliated organizations.      Every society shall have the power to adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs.It shall have the power to change, alter, add to, or amend such laws and rules and shall have such other powers as are necessary and incidental to carrying into effect the objects and purposes of the society.     (Code 1981, §33-15-5, enacted by Ga. L. 1993, p. 1744, § 1.)   RESEARCH REFERENCES   Am. Jur. 2d.   - 36 Am. Jur. 2d, Fraternal Orders and Benefit Societies, § 7.   C.J.S.   - 10 C.J.S., Beneficial Associations, § 7 et seq.   ALR.    - Validity of by-law of mutual benefit association preventing recovery upon presumption of death from seven years' absence, 17 A.L.R. 418; 21 A.L.R. 1346; 36 A.L.R. 982; 40 A.L.R. 1274.
GA Code § 33-15-20 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 15 - Fraternal Benefit Societies|Article 2 - Provisions of Laws and Rules; Membership Classes; Principal Office; Indemnification|§ 33-15-20. Membership Classes; Eligibility Standards; Rights and Privileges

  A society shall specify in its laws or rules:   Eligibility standards for each and every class of membership, provided that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age 15 and not greater than age 21;   The process for admission to membership for each membership class; and   The rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society.     A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society.   Membership rights in the society are personal to the member and are not assignable.     (Code 1981, §33-15-20, enacted by Ga. L. 1993, p. 1744, § 1.)
GA Code § 33-15-21 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 15 - Fraternal Benefit Societies|Article 2 - Provisions of Laws and Rules; Membership Classes; Principal Office; Indemnification|§ 33-15-21. Principal Office of Society; Meetings; Official Publications; Annual Statement; Provision for Grievance or Complaint Procedures

  The principal office of any domestic society shall be located in this state.The meetings of its supreme governing body may be held in any state, district, province, or territory wherein such society has at least one subordinate lodge, or in such other location as determined by the supreme governing body, and all business transacted at such meetings shall be as valid in all respects as if such meetings were held in this state. The minutes of the proceedings of the supreme governing body and of the board of directors shall be in the English language.     A society may provide in its laws for an official publication in which any notice, report, or statement required by law to be given to members, including notice of election, may be published.Such required reports, notices, and statements shall be printed conspicuously in the publication. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member is deemed to be mailed to all members at the same address unless a member requests a separate copy.   Not later than June 1 of each year, a synopsis of the society's annual statement providing an explanation of the facts concerning the condition of the society thereby disclosed shall be printed and mailed to each benefit member of the society or, in lieu thereof, such synopsis may be published in the society's official publication.     A society may provide in its laws or rules for grievance or complaint procedures for members.     (Code 1981, §33-15-21, enacted by Ga. L. 1993, p. 1744, § 1.)
GA Code § 33-15-23 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 15 - Fraternal Benefit Societies|Article 2 - Provisions of Laws and Rules; Membership Classes; Principal Office; Indemnification|§ 33-15-23. Limitation on Power of Subordinate Body

 The laws of the society may provide that no subordinate body nor any of its subordinate officers or members shall have the power or authority to waive any of the provisions of the laws of the society.Such provision shall be binding on the society and every member and beneficiary of a member.    (Code 1981, §33-15-23, enacted by Ga. L. 1993, p. 1744, § 1.)