Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
An insurer relocates out of Georgia. What does section 33-2-11 provide about examinations afterward?
Answer and explanation
Answer: B. Section 33-2-11(e) subjects insurers relocating from Georgia to annual examinations for five years after the relocation, with exceptions where principal operations remain in the state. Authority is not lost on relocation, and the provision is stricter than the ordinary cycle rather than lighter.Source: O.C.G.A. § 33-2-11 — 33-2-11(e), Insurers leaving the state
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