Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
A company formed in Georgia moves its head office to another state. How is it classified?
Answer and explanation
Answer: D. Section 33-3-1(4) defines a domestic insurer as one formed under the laws of Georgia, so classification follows formation rather than the location of an office. Foreign status under (5) requires formation elsewhere, and authorization is a separate matter.Source: O.C.G.A. § 33-3-1 — 33-3-1(4)-(5), Formation controls
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