Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
A Georgia insurer is both due for its periodic examination and under investigation for trade practices. Which authorities apply?
Answer and explanation
Answer: B. Section 33-2-11 requires domestic insurers to be examined at least once every five years as a matter of routine supervision, while section 33-6-6 supplies power to examine and investigate the activities of the insurance business in support of the trade practices chapter. The two operate together.Source: O.C.G.A. § 33-6-6 — 33-6-6 read with 33-2-11
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