Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
An insurer formed under Alabama law writes business in Georgia. How does Georgia classify it?
Answer and explanation
Answer: A. Section 33-3-1(5) defines a foreign insurer as one formed under the laws of another state or government of the United States, which fits an Alabama company. Alien status under (2) is reserved for insurers formed under the laws of a country other than the United States, and authorization is a separate question.Source: O.C.G.A. § 33-3-1 — 33-3-1(5), Foreign insurer
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- A Georgia insurer charges a higher rate to an applicant whose health history places him in a different underwriting class. Is that unfair discrimination?
- A Georgia insurer does not itself set the differing rates, but knows its agents apply them within one class. Is the unfair discrimination provision engaged?
- A Georgia insurer has no shares to issue and cannot raise capital by selling equity. Which form is it?
- A Georgia insurer has no system of control over its advertisements and a misleading one reaches the public. What is the position?
- A Georgia insurer is both due for its periodic examination and under investigation for trade practices. Which authorities apply?
- A Georgia insurer refuses to pay a claim without looking into the facts. Which enumerated practice does that match?
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