reglab/housing_qa huggingface dataset:
GA Code § 33-41-14 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-14. Reinsurance

  A captive insurance company may cede any part of its risks to a reinsurer pursuant to a written reinsurance agreement and may take credit as an asset or a deduction from its liabilities for the amount of reinsurance premiums recoverable under such reinsurance agreement:   If the reinsurer is in compliance with Code Section 33-7-14;   To the extent that assets are deposited or withheld from the reinsurer under a written trust or escrow agreement approved by the Commissioner pursuant to an express provision in the reinsurance agreement as security for the payment of the reinsurer's obligations thereunder, provided that:   The assets deposited or withheld are held subject to withdrawal by, and under the control of, the ceding captive insurance company; or   The assets deposited or withheld are placed in a trust or escrow account for such purposes in a bank which is either chartered by the State of Georgia or a national bank which is a member of the Federal Reserve System and withdrawals cannot be made without the express written consent of the ceding captive insurance company;     To the extent of the amount of a letter of credit, as described in Code Section 33-41-9, given pursuant to an express provision in the reinsurance agreement as security for the payment of the reinsurer's obligations thereunder; or   When the Commissioner shall otherwise authorize such credits or deductions.     Any assets deposited or withheld under paragraph (2) of subsection (a) of this Code section must be in the form of cash, as defined in Code Section 33-11-6, or securities which must have a market value equal to or greater than the credit taken and are qualified as allowed assets for a domestic insurer under Chapter 11 of this title.   No credit shall be allowed for reinsurance in any unauthorized assuming reinsurer unless such reinsurer designates the Commissioner as agent for service of process in any action arising out of, or in connection with, such reinsurance.     (Code 1981, §33-41-14, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.)
GA Code § 33-41-15 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-15. Reports

 Each captive insurance company shall be required to file annual and other reports of its business affairs and operations as prescribed by Code Section 33-3-21.    (Code 1981, §33-41-15, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.)
GA Code § 33-41-16 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-16. Examination by Commissioner or Agent; Confidentiality

  The Commissioner or his or her designated agent may visit each captive insurance company at any time and examine its affairs in order to ascertain its financial condition, its ability to fulfill its contractual obligations, and its compliance with this chapter. For these purposes, the Commissioner or his or her designated agent shall have free access to all of the books and records relating to the business of the captive insurance company. The expenses and charges of any examination conducted pursuant to this Code section shall be paid directly by the captive insurance company examined.   When necessary or desirable to assist in any examination under this Code section, the Commissioner may retain such independent agents as described in subsection (b) of Code Section 33-41-10, as the Commissioner deems appropriate, in order to facilitate his or her examination under this Code section. The expenses and charges of such persons so retained or designated shall be paid directly by the captive insurance company. The provision of subsection (g) of Code Section 33-2-14 shall apply to examinations of any captive insurance company.   All portions of license applications reasonably designated confidential by or on behalf of an applicant pure or agency captive insurance company, all information and documents, and any copies of the foregoing, produced or obtained by or submitted or disclosed to the Commissioner pursuant to this chapter that are reasonably designated confidential by a pure or agency captive insurance company, and all examination reports, preliminary examination reports, working papers, recorded information, other documents, and any copies of any of the foregoing, produced or obtained by or submitted or disclosed to the Commissioner pursuant to this chapter shall be given confidential treatment, except as to disclosures consented to by the pure or agency captive insurance company, and shall not be subject to subpoena, shall not be made public by the Commissioner, and shall not be provided or disclosed to any other person at any time except to:   Insurance commissioners of any state or of any foreign country or jurisdiction, provided that:   Such receiving party shall agree in writing to maintain the confidentiality of such information; and   The laws of the receiving party require such information to be and to remain confidential; or     A law enforcement official or agency of this state, any other state, or the United States of America so long as such official or agency agrees in writing to hold it confidential and in a manner consistent with this Code section.       (Code 1981, §33-41-16, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2015, p. 377, § 1-5/HB 552; Ga. L. 2016, p. 825, § 1/SB 347.)
GA Code § 33-41-17 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-17. Fines

 The Commissioner may impose fines as prescribed by Code Section 33-3-20.    (Code 1981, §33-41-17, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.)
GA Code § 33-41-18 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-18. Investments

 Except as provided in Code Section 33-41-8:    Risk retention group captive insurance companies, industrial insured captive insurance companies, and association captive insurance companies shall comply with the investment requirements contained in Article 2 of Chapter 11 of this title; and   Pure captive insurance companies and agency captive insurance companies shall not be subject to any restrictions on eligible investments whatever, including those limitations contained in Chapter 11 of this title; provided, however, that the Commissioner may prohibit or limit any investment that threatens the solvency or liquidity of any such captive insurance company.     (Code 1981, §33-41-18, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.)
GA Code § 33-41-19 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-19. Rates, Underwriting Rules, and Policy Forms

  No captive insurance company shall be required to join or use the rates, rating systems, underwriting rules, or policy or bond forms of a rating or advisory organization as defined in Code Section 33-9-2.   No captive insurance company shall be required to file its premium rates or policy forms with, or seek approval of such rates or forms from, the Commissioner or any other authority of this state. However, the Commissioner shall impose minimum premiums upon association captive insurance companies which write motor vehicle liability insurance coverage required by law and do not participate in the Georgia Insurers Insolvency Pool.     (Code 1981, §33-41-19, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347; Ga. L. 2019, p. 533, § 2-9/HB 99; Ga. L. 2020, p. 493, § 33/SB 429.)    The 2019 amendment,  effective July 1, 2019, substituted "Reserved." for the former provisions of subsection (c), which read: "Each captive insurance company shall provide the following notice in ten-point type on the front page and declaration page on all policies and on the front page of all applications for policies:   "This captive insurance company is not subject to all of the insurance laws and regulations of the State of Georgia. State insurers insolvency guaranty funds are not available to the policyholders of this captive insurance company."    The 2020 amendment,  effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, deleted former subsection (c) which was designated as reserved.
GA Code § 33-41-20 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-20. Exclusion From Insolvency Funds; Participation in Fair Plan or Joint Underwriting Association; Assessment for Payments to Subsequent Injury Trust Fund

    No captive insurance company other than an association or industrial insured captive insurance company issuing workers' compensation insurance contracts shall be permitted to join or contribute financially to the Georgia Insurers Insolvency Pool under Chapter 36 of this title or any other plan, pool, or association guaranty or insolvency fund in this state. Other than an association or industrial insured captive insurance company issuing workers' compensation insurance contracts, no captive insurance company, or its insureds or claimants against its insureds, nor its parent or any affiliated company shall receive any benefit from the Georgia Insurers Insolvency Pool or any other plan, pool, or association guaranty or insolvency fund for claims arising out of the operations of such captive insurance company.   No captive insurance company shall be required to participate in any FAIR Plan established and maintained in this state under Chapter 33 of this title.   No captive insurance company shall be required to participate in any joint underwriting association established and maintained in this state under Chapter 9 of this title.     Captive insurance companies shall be assessed on the same basis as self-insurers for the purpose of payments to the Subsequent Injury Trust Fund as described in Chapter 9 of Title 34.     (Code 1981, §33-41-20, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 1989, p. 14, § 33; Ga. L. 2007, p. 236, § 1/HB 408; Ga. L. 2016, p. 825, § 1/SB 347.)
GA Code § 33-41-20.1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-20.1. Membership of Captive Insurance Companies in Georgia Insurers Insolvency Pool

  Every association and industrial insured captive insurance company issuing workers' compensation insurance contracts shall become a member of the Georgia Insurers Insolvency Pool under Chapter 36 of this title as to workers' compensation only. Such captive insurance companies shall be liable for assessments pursuant to Code Section 33-36-7 and for all other obligations imposed pursuant to Chapter 36 of this title as to workers' compensation only.   Except as provided for in Code Section 33-36-20, the Georgia Insurers Insolvency Pool shall not be liable for any claims incurred by any captive insurance company before January 1, 2008.     (Code 1981, §33-41-20.1, enacted by Ga. L. 2007, p. 236, § 2/HB 408; Ga. L. 2010, p. 1085, § 4/HB 1364; Ga. L. 2016, p. 825, § 1/SB 347; Ga. L. 2019, p. 533, § 1-2/HB 99.)    The 2019 amendment,  effective July 1, 2019, substituted "Every" for "On and after January 1, 2008, every" at the beginning of subsection (a).
GA Code § 33-41-21 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-21. Rehabilitation, Reorganization, Conservation, and Liquidation

 The provisions of Chapter 37 of this title shall apply to and govern the rehabilitation, reorganization, conservation, and liquidation of captive insurance companies.    (Code 1981, §33-41-21, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.)
GA Code § 33-41-23 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-23. Certificate of Dormancy

  A captive insurance company that meets the definition of a dormant captive insurance company set forth in this chapter may apply to the Commissioner for a certificate of dormancy on a form or forms as may be prescribed by the Commissioner.   A dormant captive insurance company that has been issued a certificate of dormancy pursuant to this Code section shall:   Possess and thereafter maintain unimpaired, paid-in-capital and surplus of at least $25,000.00;   Submit to the Commissioner a report of its financial condition on or before March 1 of each year on a form or in a manner as prescribed by the Commissioner;   Renew such certificate every five years by submitting documentation as prescribed by the Commissioner and paying a renewal fee of $500.00; and   Be subject to an examination pursuant to Code Section 33-41-16 in the discretion of the Commissioner.     A dormant captive insurance company that has been issued a certificate of dormancy pursuant to this Code section shall not:   Be subject to or liable for the payment of any tax pursuant to Code Section 33-41-22; or   Be required to submit any annual forms, fees, or documents that are otherwise required by this chapter, other than those required pursuant to this Code section.     The Commissioner may, upon written request, declare a captive insurance company to be dormant for purposes of this Code section even if such captive insurance company retains liabilities associated with policies written or assumed, provided that such captive insurance company has otherwise ceased the transaction of insurance business. However, in this case, the Commissioner may, in his or her discretion, require such captive insurance company to possess and maintain unimpaired, paid-in-capital and surplus and reserves greater than that required by this Code section.   A certificate of dormancy shall be revoked if a captive insurance company no longer meets the definition of a dormant captive insurance company or fails to meet the requirements as set forth in this Code section.   A dormant captive insurance company shall apply to the Commissioner for approval and shall be granted such approval to surrender its certificate of dormancy and resume conducting the business of insurance prior to issuing any insurance policies and shall pay an application fee as prescribed by the Commissioner.   Any provisions of this title which are inconsistent with the provisions of this Code section shall not apply to dormant captive insurance companies.     (Code 1981, §33-41-23, enacted by Ga. L. 2019, p. 533, § 2-11/HB 99.)   Editor's notes.   - Ga. L. 2019, p. 533, § 2-11/HB 99, effective July 1, 2019, repealed the former Code section and enacted the current Code section. The former Code section, relating to rules and regulations, was based on Code 1981, § 33-41-23, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.
GA Code § 33-41-24 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-24. Rule Making Authority

 The Commissioner may adopt rules establishing standards to ensure that a pure captive insurance company's parent or any of its affiliated companies is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company; provided, however, that, until such time as rules under this Code section are adopted, the Commissioner may approve or deny the coverage of such risks by a pure captive insurance company on a case by case basis.    (Code 1981, §33-41-24, enacted by Ga. L. 2019, p. 533, § 2-12/HB 99.)   Editor's notes.   - Ga. L. 2019, p. 533, § 2-11/HB 99, effective July 1, 2019, repealed the former Code section and enacted the current Code section. The former Code section, relating to inapplicability of inconsistent provisions, was based on Code 1981, § 33-41-24, enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2016, p. 825, § 1/SB 347.
GA Code § 33-41-25 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-25. Regulatory Authority

 The Commissioner may establish such rules and regulations and issue such interpretive rulings as may be necessary to carry out the provisions of this chapter.    (Code 1981, §33-41-25, enacted by Ga. L. 2019, p. 533, § 2-13/HB 99.)
GA Code § 33-41-26 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 1 - General Provisions|§ 33-41-26. Inconsistent Provisions Not Applicable to Captive Insurance Companies

 Any provisions of this title which are inconsistent with the provisions of this chapter shall not apply to captive insurance companies; provided, however, that pure and agency captive insurance companies shall not be subject to the requirements of Chapter 13 of this title.    (Code 1981, §33-41-26, enacted by Ga. L. 2019, p. 533, § 2-13/HB 99.)
GA Code § 33-41-100 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 2 - Sponsored Captive Insurance Companies|§ 33-41-100. Application

 In addition to the general provisions of Article 1 of this chapter, the provisions of this article shall apply to sponsored captive insurance companies.    (Code 1981, §33-41-100, enacted by Ga. L. 2019, p. 533, § 2-14/HB 99.)
GA Code § 33-41-102 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 2 - Sponsored Captive Insurance Companies|§ 33-41-102. Protected Cells; Prior Written Approval; Annual Filing of Financial Reports; Notification Upon Insolvency

  A sponsored captive insurance company may establish one or more protected cells if the Commissioner has approved in writing a business plan, or an amendment to such plan, with respect to each protected cell that includes information about the participant, the associated participant contract or contracts, and any other information requested by the Commissioner.   No participant contract shall take effect without the Commissioner's prior written approval. The addition of each new protected cell, the withdrawal of any current participant, or the termination of any existing protected cell shall constitute a change in the business plan of the sponsored captive insurance company and shall require the Commissioner's prior written approval.   Each sponsored captive insurance company shall annually file with the Commissioner such financial reports as he or she shall require. Any such financial report shall include, without limitation, accounting statements detailing the financial experience of each protected cell.   Each sponsored captive insurance company shall notify the Commissioner in writing within ten business days of any protected cell becoming insolvent or otherwise unable to meet its claim, expense, insurance, or reinsurance obligations.     (Code 1981, §33-41-102, enacted by Ga. L. 2019, p. 533, § 2-14/HB 99.)
GA Code § 33-41-103 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 2 - Sponsored Captive Insurance Companies|§ 33-41-103. Incorporated Protected Cells; Legal Entity Status; Requirements for Formation; Naming; Rights and Authority

  A sponsored captive insurance company licensed under this chapter may establish and maintain one or more protected cells to insure or reinsure risks subject to the provisions, terms, and conditions set forth in this chapter, and it is the intent of the General Assembly to provide sponsored captive insurance companies with the option to establish one or more protected cells as incorporated protected cells without limiting any rights or protections applicable to unincorporated protected cells.   The creation of a protected cell pursuant to this chapter does not create, with respect to such protected cell, a legal person separate from the sponsored captive insurance company of which it is a part unless such protected cell is an incorporated protected cell.   In addition to the provisions required by subparagraphs (c)(1)(B) and (c)(1)(C) of Code Section 33-41-5, an incorporated protected cell must also include the following in its formation documents:   A reference to the sponsored captive insurance company of which it will be a part; and   A statement that the entity is a protected cell incorporated for the limited purposes authorized by the sponsored captive insurance company's certificate of authority.     An incorporated protected cell shall not use any name that is either similar, misleading, or confusing with respect to any other name already in use by any other entity doing business in this state.   An incorporated protected cell shall be entitled to enter into contracts and undertake obligations in its own name and for its own account unless prohibited by an applicable participant contract. In the case of a contract or obligation undertaken directly by an incorporated protected cell to which the sponsored captive insurance company is not a party, either in its own name and for its own account or on behalf of a protected cell, the counterparts to the contract or obligation shall have no right or recourse against the sponsored captive insurance company, any other protected cell not a party to such contract or obligation or any assets other than against assets properly attributable to the incorporated protected cell that is a party to the contract or obligation.     (Code 1981, §33-41-103, enacted by Ga. L. 2019, p. 533, § 2-14/HB 99; Ga. L. 2020, p. 493, § 33/SB 429.)    The 2020 amendment,  effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, revised punctuation at the end of subsection (c).
GA Code § 33-41-105 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 2 - Sponsored Captive Insurance Companies|§ 33-41-105. Commingling of Assets Prohibited; Separation of Cells

  In connection with the conservation, rehabilitation, or liquidation of captive insurance companies set forth in Code Section 33-41-21, including sponsored captive insurance companies, the assets and liabilities of a protected cell shall at all times be kept separate from, and shall not be commingled with, those of other protected cells and the sponsored captive insurance company except to the extent that the assets and liabilities of any one or more protected cells are determined to have not been allocated, segregated, and separated pursuant to the business plan and participant contracts approved by the Commissioner, and which are subject to the tracing provisions set forth in this article.   Notwithstanding the provisions of this title, in the event of the insolvency of a sponsored captive insurance company where the Commissioner determines that one or more protected cells remain solvent, the Commissioner may separate such cells from the sponsored captive insurance company and may allow, on application of the sponsored captive insurance company or participant, for the conversion of such protected cells into one or more new or existing other captive insurance companies.     (Code 1981, §33-41-105, enacted by Ga. L. 2019, p. 533, § 2-14/HB 99.)
GA Code § 33-41-106 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 41 - Captive Insurance Companies|Article 2 - Sponsored Captive Insurance Companies|§ 33-41-106. Application of Code Section 33-41-16 to Sponsored Captive Insurance Companies

 All provisions set forth in subsection (c) of Code Section 33-41-16 shall also apply to sponsored captive insurance companies in the same manner.    (Code 1981, §33-41-106, enacted by Ga. L. 2019, p. 533, § 2-14/HB 99.)