reglab/housing_qa huggingface dataset:
GA Code § 33-55-2 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 55 - Reporting of Transactions by Insurers|§ 33-55-2. "Material" Acquisition or Disposition Defined; Scope of Reporting Requirement; Information to Be Included in Report

  No acquisitions or dispositions of assets need be reported pursuant to Code Section 33-55-1 if the acquisitions or dispositions are not material. For purposes of this chapter, a material acquisition or disposition or the aggregate of any series of related acquisitions or related dispositions during any 30 day period is one that is nonrecurring and not in the ordinary course of business and involves more than 5 percent of the reporting insurer's total admitted assets as reported in its most recent statutory statement filed with the insurance department of the insurer's state of domicile.     Asset acquisitions subject to this chapter include every purchase, lease, exchange, merger, consolidation, succession, or other acquisition other than the construction or development of real property by or for the reporting insurer or the acquisition of materials for such purpose.   Asset dispositions subject to this chapter include every sale, lease, exchange, merger, consolidation, mortgage, hypothecation, assignment for the benefit of creditors or otherwise, abandonment, destruction, or other disposition.       The following information is required to be disclosed in any report of a material acquisition or disposition of assets:   Date of the transaction;   Manner of acquisition or disposition;   Description of the assets involved;   Nature and amount of the consideration given or received;   Purpose of or reason for the transaction;   Manner by which the amount of consideration was determined;   Gain or loss recognized or realized as a result of the transaction; and   Name or names of the person or persons from whom the assets were acquired or to whom they were disposed.     Insurers are required to report material acquisitions and dispositions on a nonconsolidated basis unless the insurer is part of a consolidated group of insurers which utilizes a pooling arrangement or 100 percent reinsurance agreement that affects the solvency and integrity of the insurer's reserves and such insurer ceded substantially all of its direct and assumed business to the pool. An insurer is deemed to have ceded substantially all of its direct and assumed business to a pool if the insurer has less than $1 million total direct premiums plus assumed written premiums during a calendar year that are not subject to a pooling arrangement and the net income of the business not subject to the pooling arrangement represents less than 5 percent of the insurer's capital and surplus.       (Code 1981, §33-55-2, enacted by Ga. L. 1995, p. 1348, § 8.)   Editor's notes.   - Ga. L. 2019, p. 337, § 1-93/SB 132, purported to substitute "Department of Insurance" for "Insurance Department", but the term "Insurance Department" (as capitalized) does not exist in this Code section.
GA Code § 33-56-5 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 56 - Risk-Based Capital Levels|§ 33-56-5. Authorized Control Level Events; Actions by Commissioner

  For the purposes of this Code section, "authorized control level event" means any of the following events:   The filing of an RBC report by the insurer which indicates that the insurer's total adjusted capital is greater than or equal to its mandatory control level RBC but less than its authorized control level RBC;   The notification by the Commissioner to the insurer of an adjusted RBC report that indicates the event in paragraph (1) of this subsection, provided the insurer does not challenge the adjusted RBC report under Code Section 33-56-7;   If, pursuant to Code Section 33-56-7, the insurer challenges an adjusted RBC report that indicates the event in paragraph (1) of this subsection, notification by the Commissioner to the insurer that the Commissioner has, after a hearing, rejected the insurer's challenge;   The failure of the insurer to respond, in a manner satisfactory to the Commissioner, to a corrective order; or   If the insurer has challenged a corrective order under Code Section 33-56-7 and the Commissioner has, after a hearing, rejected the challenge or modified the corrective order, the failure of the insurer to respond, in a manner satisfactory to the Commissioner, to the corrective order subsequent to rejection or modification by the Commissioner.     In the event of an authorized control level event with respect to an insurer, the Commissioner shall:   Take such actions as are required under Code Section 33-56-4 regarding an insurer with respect to which a regulatory action level event has occurred; or   If the Commissioner deems it to be in the best interests of the policy holders and creditors of the insurer and of the public, take such actions as are necessary to cause the insurer to be placed under regulatory control under Chapter 37 of this title.  In the event the Commissioner takes such actions, the authorized control level event shall be deemed sufficient grounds for the Commissioner to take action under Chapter 37 of this title, and the Commissioner shall have the rights, powers, and duties with respect to the insurer as are set forth in Chapter 37 of this title. In the event the Commissioner takes actions under this paragraph pursuant to an adjusted RBC report, the insurer shall be entitled to such protections as are afforded to insurers under the provisions of Chapter 2 of this title pertaining to summary proceedings.        (Code 1981, §33-56-5, enacted by Ga. L. 1996, p. 928, § 1.)   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 1996, the comma and quotation marks were inserted in subsection (a).
GA Code § 33-56-7 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 56 - Risk-Based Capital Levels|§ 33-56-7. Notification to Insurer of Determination or Action by Commissioner; Right to Hearing

 Upon notification:    To an insurer by the Commissioner of an adjusted RBC report;   To an insurer by the Commissioner that:   The insurer's RBC plan or revised RBC plan is unsatisfactory; and   Such notification constitutes a regulatory action level event with respect to such insurer;     To any insurer by the Commissioner that the insurer has failed to adhere to its RBC plan or revised RBC plan and that such failure has a substantial adverse effect on the ability of the insurer to eliminate the company action level event with respect to the insurer in accordance with its RBC plan or revised RBC plan; or   To an insurer by the Commissioner of a corrective order with respect to the insurer,  the insurer shall have the right to a departmental hearing, on a record, at which the insurer may challenge any determination or action by the Commissioner. The insurer shall notify the Commissioner of its request for a hearing within five days after the notification by the Commissioner under this Code section. Upon receipt of the insurer's request for a hearing, the Commissioner shall set a date for the hearing, which date shall be no less than ten nor more than 30 days after the date of the insurer's request.      (Code 1981, §33-56-7, enacted by Ga. L. 1996, p. 928, § 1.)
GA Code § 33-56-9 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 56 - Risk-Based Capital Levels|§ 33-56-9. Chapter Supplemental to Other Laws; Exemption for Certain Domestic Property and Casualty Insurance

  The provisions of this chapter are supplemental to any other provisions of the laws of this state and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including, but not limited to, Chapters 2, 3, 13, 14, 20, 21, and 37 of this title.   The Commissioner may exempt from the application of this chapter any domestic property and casualty insurer which:   Meets all three of the following criteria:   Writes direct business only in this state;   Writes direct annual premiums of $2 million or less; and   Assumes no reinsurance in excess of 5 percent of direct premium written; or     Demonstrates to the satisfaction of the Commissioner by other means that preparation and submission of an RBC report would create an unusual and unnecessary hardship or would result in a report which is ambiguous or misleading based upon the unique nature of the company's product offerings or financial structure.     The Commissioner may exempt from the application of this chapter any health organization which:   Has less than 1,000 covered lives; and   Has less than $1 million in direct written premiums.       (Code 1981, §33-56-9, enacted by Ga. L. 1996, p. 928, § 1; Ga. L. 1999, p. 1234, § 1; Ga. L. 2000, p. 1246, § 14; Ga. L. 2019, p. 533, § 1-19/HB 99.)    The 2019 amendment,  effective July 1, 2019, deleted "18, 19," following "14," in subsection (a); deleted former subsection (b), which read: "The Commissioner may adopt reasonable rules necessary for the implementation of this chapter."; and redesignated former subsections (c) and (d) as present subsections (b) and (c), respectively.
GA Code § 33-56-11 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 56 - Risk-Based Capital Levels|§ 33-56-11. Immunity of Commissioner and Department

 There shall be no liability on the part of, and no cause of action shall arise against, the Commissioner or the department or its employees or agents for any action taken by them in the performance of their powers and duties under this chapter.    (Code 1981, §33-56-11, enacted by Ga. L. 1996, p. 928, § 1; Ga. L. 2019, p. 533, § 1-20/HB 99.)    The 2019 amendment,  effective July 1, 2019, deleted "insurance" preceding "department" in the middle of this Code section.
GA Code § 33-56-12 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 56 - Risk-Based Capital Levels|§ 33-56-12. Severability

 Reserved. Repealed by Ga. L. 2019, p. 533, § 1-21/HB 99, effective July 1, 2019.   Editor's notes.   - This Code section was based on Code 1981, § 33-56-12, enacted by Ga. L. 1996, p. 928, § 1.
GA Code § 33-56-13 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 56 - Risk-Based Capital Levels|§ 33-56-13. Effective Date of Notices by Commissioner

 All notices by the Commissioner to an insurer which may result in regulatory action under this chapter shall be effective upon dispatch if transmitted by registered or certified mail or statutory overnight delivery or, in the case of any other transmission, shall be effective upon the insurer's receipt of such notice.    (Code 1981, §33-56-13, enacted by Ga. L. 1996, p. 928, § 1; Ga. L. 2000, p. 1589, § 3.)   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 1996, "under this chapter" was substituted for "hereunder" in this Code section.   Editor's notes.   - Ga. L. 2000, p. 1589, § 16, not codified by the General Assembly, provides that the amendment to this Code section is applicable with respect to notices delivered on or after July 1, 2000.
GA Code § 33-57-1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 57 - Consumers' Insurance Advocate|§ 33-57-1. Through 33-57-8

 Reserved. Repealed by Ga. L. 2015, p. 1088, § 24/SB 148, effective July 1, 2015.   Editor's notes.   - This chapter was based on Code 1981, § 33-57-1, enacted by Ga. L. 1999, p. 335, § 2; Ga. L. 2000, p. 1589, § 3; Ga. L. 2012, p. 701, § 2/HB 786.
GA Code § 33-58-1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 58 - Charitable Gift Annuities|§ 33-58-1. Definitions

 As used in this chapter, the term:    "Charitable gift annuity" means a transfer of cash or other property by a donor to a charitable organization in return for an annuity payable over one or two lives, under which the actuarial value of the annuity is less than the value of the cash or other property transferred and the difference in value constitutes a charitable deduction for federal tax purposes.   "Charitable organization" means an entity described by:   Section 501(c)(3), Internal Revenue Code of 1986 (26 U.S.C. Section 501(c)(3)); or   Section 170(c), Internal Revenue Code of 1986 (26 U.S.C. Section 170(c)).     "Qualified charitable gift annuity" means a charitable gift annuity described in Section 501(m)(5), Internal Revenue Code of 1986 (26 U.S.C. Section 501(m)(5)), and Section 514(c)(5), Internal Revenue Code of 1986 (26 U.S.C. Section 514(c)(5)), that is issued by a charitable organization that on the date of the annuity agreement:   Has a minimum of $300,000.00 in unrestricted cash, cash equivalents, or publicly traded securities, exclusive of the assets funding the annuity agreement; and   Has been in continuous operation for at least three years or is a successor or affiliate of a charitable organization that has been in continuous operation for at least three years.       (Code 1981, §33-58-1, enacted by Ga. L. 2000, p. 868, § 1.)
GA Code § 33-58-2 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 58 - Charitable Gift Annuities|§ 33-58-2. Qualified Charitable Gift Annuities

  The issuance of a qualified charitable gift annuity does not constitute engaging in the business of insurance in this state.   A charitable gift annuity issued before July 1, 2000, is a qualified charitable gift annuity for purposes of this chapter, and the issuance of that charitable gift annuity does not constitute engaging in the business of insurance in this state.     (Code 1981, §33-58-2, enacted by Ga. L. 2000, p. 868, § 1.)
GA Code § 33-58-3 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 58 - Charitable Gift Annuities|§ 33-58-3. Agreement for Annuity; Notice

  When entering into an agreement for a qualified charitable gift annuity, the charitable organization shall disclose to the donor in writing in the annuity agreement that a qualified charitable gift annuity is not insurance under the laws of this state and is not subject to regulation by the Commissioner of Insurance or protected by an insurance guaranty association.   The notice provisions required by this Code section must be in a separate paragraph in a print size no smaller than that employed in the annuity agreement generally.     (Code 1981, §33-58-3, enacted by Ga. L. 2000, p. 868, § 1.)   Code Commission notes.   - Pursuant to Code Section 28-9-5, in 2000, "Commissioner of Insurance" was substituted for "Insurance Commissioner" in subsection (a).
GA Code § 33-58-4 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 58 - Charitable Gift Annuities|§ 33-58-4. Notice of Annuity to Commissioner

  A charitable organization that issues qualified charitable gift annuities shall notify the Commissioner in writing by the date on which it enters into the organization's first qualified charitable gift annuity agreement. The notice shall:   Be signed by an officer or director of the organization;   Identify the organization; and   Certify that:   The organization is a charitable organization; and   The annuities issued by the organization are qualified charitable gift annuities.       The charitable organization shall not be required to submit additional information except to determine appropriate penalties that may be applicable under Code Section 33-58-5.     (Code 1981, §33-58-4, enacted by Ga. L. 2000, p. 868, § 1; Ga. L. 2019, p. 533, § 1-22/HB 99.)    The 2019 amendment,  effective July 1, 2019, deleted "later of October 1, 2000, or the" following "writing by the" in the middle of the first sentence of subsection (a).
GA Code § 33-58-5 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 58 - Charitable Gift Annuities|§ 33-58-5. Failure to Comply With Notice

 The failure of a charitable organization to comply with the notice requirements imposed under Code Section 33-58-3 or Code Section 33-58-4 does not prevent a charitable gift annuity that otherwise meets the requirements of this chapter from constituting a qualified charitable gift annuity. The Commissioner may enforce performance of the requirements of Code Section 33-58-3 or Code Section 33-58-4 by sending a letter by certified mail, or statutory overnight delivery, return receipt requested, demanding that the charitable organization comply with the requirements of such Code sections. The Commissioner may fine the charitable organization in an amount not to exceed $1,000.00 per qualified charitable gift annuity agreement issued until such time as the charitable organization complies with such Code sections.    (Code 1981, §33-58-5, enacted by Ga. L. 2000, p. 868, § 1; Ga. L. 2001, p. 1212, § 4.)   Editor's notes.   - Ga. L. 2001, p. 1212, § 7, not codified by the General Assembly, provides that this Act is applicable with respect to notices delivered on or after July 1, 2001.
GA Code § 33-58-6 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 58 - Charitable Gift Annuities|§ 33-58-6. Issuance Not Violation of Title 10

 The issuance of a qualified charitable gift annuity does not constitute a violation of Article 15 of Chapter 1 of Title 10.    (Code 1981, §33-58-6, enacted by Ga. L. 2000, p. 868, § 1.)
GA Code § 33-59-1 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 59 - Life Settlements|§ 33-59-1. Short Title

 This chapter shall be known and may be cited as the "Life Settlements Act."    (Code 1981, §33-59-1, enacted by Ga. L. 2005, p. 998, § 1/SB 217; Ga. L. 2009, p. 370, § 1/SB 61.)   RESEARCH REFERENCES   ALR.   - State regulation of viatical life insurance programs, viatical settlements, and viatical investments, 28 A.L.R.6th 281.
GA Code § 33-59-4 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 59 - Life Settlements|§ 33-59-4. Suspension, Revocation, or Refusal to Renew Licenses; Grounds; Hearing Required

  The Commissioner may suspend, revoke, or refuse to renew the license of any licensee if the Commissioner finds that:   There was any material misrepresentation in the application for the license;   The licensee or any officer, partner, member, or director has been guilty of fraudulent or dishonest practices, is subject to a final administrative action, or is otherwise shown to be untrustworthy or incompetent to act as a licensee;   The provider demonstrates a pattern of unreasonably withholding payments to policy owners;   The licensee no longer meets the requirements for initial licensure;   The licensee or any officer, partner, member, or director has been convicted of a felony or any misdemeanor of which criminal fraud is an element; or the licensee has pleaded guilty or nolo contendere to any felony or any misdemeanor of which criminal fraud or moral turpitude is an element regardless of whether a judgment of conviction has been entered by the court;   The provider has entered into any life settlement contract using a form that has not been approved pursuant to this chapter;   The provider has failed to honor contractual obligations set out in a life settlement contract;   The provider has assigned, transferred, or pledged a settled policy to a person other than a provider licensed in this state, purchaser, accredited investor or qualified institutional buyer as defined, respectively, in Regulation D, Rule 501, or Rule 144A of the federal Securities Act of 1933, as amended, financing entity, special purpose entity, or related provider trust;   The licensee or any officer, partner, member, or key management personnel has violated any of the provisions of this chapter; or   The provider has failed to maintain an adequate net worth.     Before the Commissioner denies a license application or suspends, revokes, or refuses to renew the license of any licensee under this chapter, the Commissioner shall conduct a hearing in accordance with Chapter 2 of this title.     (Code 1981, §33-59-4, enacted by Ga. L. 2005, p. 998, § 1/SB 217; Ga. L. 2009, p. 370, § 1/SB 61.)
GA Code § 33-59-5 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 59 - Life Settlements|§ 33-59-5. Filing of Contracts and Disclosure Statements With the Commissioner; Approval or Disapproval

  No person may use any form of life settlement contract in this state unless it has been filed with and approved, if required, by the Commissioner in a manner that conforms with the filing procedures and any time restrictions or deeming provisions, if any, for life insurance forms, policies, and contracts.   No insurer may, as a condition of responding to a request for verification of coverage or in connection with the transfer of a policy pursuant to a life settlement contract, require that the owner, insured, provider, or life settlement broker sign any form, disclosure, consent, waiver, or acknowledgment that has not been expressly approved by the Commissioner for use in connection with life settlement contracts in this state.   A person shall not use a life settlement contract form or provide to an owner a disclosure statement form in this state unless first filed with and approved by the Commissioner. The Commissioner shall disapprove a life settlement contract form or disclosure statement form if, in the Commissioner's opinion, the contract or provisions contained therein fail to meet the requirements of Code Sections 33-59-8, 33-59-9, 33-59-11, and 33-59-15 or are unreasonable, contrary to the interests of the public, or otherwise misleading or unfair to the owner. At the Commissioner's discretion, the Commissioner may require the submission of advertising material.     (Code 1981, §33-59-5, enacted by Ga. L. 2005, p. 998, § 1/SB 217; Ga. L. 2009, p. 370, § 1/SB 61.)
GA Code § 33-59-8 (2021)
2021 Georgia Code|Title 33 - Insurance|Chapter 59 - Life Settlements|§ 33-59-8. Advertising

  A registered life settlement broker or licensed provider who is registered or licensed pursuant to this chapter may conduct or participate in advertisements within this state. Such advertisements shall comply with all advertising and marketing laws of this state and rules and regulations promulgated by the Commissioner that are applicable to life insurers or to life settlement brokers and providers licensed pursuant to this chapter.   Advertisements shall be accurate, truthful, and not misleading in fact or by implication.   No person or trust shall:   Directly or indirectly, market, advertise, solicit, or otherwise promote the purchase of a policy for the sole purpose of or with a primary emphasis on settling the policy; or   Use the words "free," "no cost," or words of similar import in the marketing, advertising, soliciting, or otherwise promoting of the purchase of a policy.       (Code 1981, §33-59-8, enacted by Ga. L. 2009, p. 370, § 1/SB 61.)   Editor's notes.   - Ga. L. 2009, p. 370, § 1/SB 61, effective July 1, 2009, redesignated former Code Section 33-59-8 as present Code Section 33-59-9.