GEORGIA CODE (Last Updated: August 20, 2013)

Section 33-41-4. Prerequisites to transacting insurance

Latest version.

   No captive insurance company may transact any insurance in this state unless:

   (1) It first obtains from the Commissioner a certificate of authority authorizing it to transact insurance in this state;

   (2) It maintains its principal place of business in this state; and

   (3) Any organization providing the principal administrative or management services to such captive insurance company shall maintain its principal place of business in this state and shall be approved by the Commissioner.

Code 1981, § 33-41-4, enacted by Ga. L. 1988, p. 966, § 2.

                    
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