Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
How does Georgia's definition of an alien insurer differ from a definition that calls alien anything neither domestic nor foreign?
Answer and explanation
Answer: B. Section 33-3-1(2) states the alien category positively: an insurer formed under the laws of a country other than the United States. Some states reach the same result by residue, defining alien as whatever is neither domestic nor foreign. Out-of-state formation makes an insurer foreign under (5), and ownership does not enter the definition.Source: O.C.G.A. § 33-3-1 — 33-3-1(2), Alien insurer
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- How does Georgia define an insurer?
- How does section 33-6-9 measure the monetary penalty where conduct is repeated?
- How does the routine examination power differ from the investigation power in Georgia's insurance code?
- How far does the family element of Georgia's controlled business definition extend?
- May the Georgia Commissioner apply more than one remedy under section 33-6-9?
- Two Georgia agencies agree to act together against a competitor, but the market is unaffected. Is section 33-6-4(4) engaged?
592 Georgia questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.