Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
How does the routine examination power differ from the investigation power in Georgia's insurance code?
Answer and explanation
Answer: A. Section 33-2-11 sets a periodic examination duty, at least once every five years for domestic insurers, while section 33-6-6 supplies power to examine and investigate the activities of the insurance business in support of the unfair trade practices chapter. Both are the Commissioner's, both concern the industry, and neither is triggered only by a complaint.Source: O.C.G.A. § 33-2-11 — 33-2-11 read with 33-6-6
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- 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?
- A Georgia insurer routinely offers claimants substantially less than they ultimately recover, so that claimants must sue. Which unfair claims practice is that?
- A Georgia insurer's annual report shows capital divided into shares, a board answerable to shareholders, and profits distributed as dividends on those shares. Which form is it?
- A Georgia lender conditions a loan on the borrower buying insurance through the lender's own agency. Which provision most directly fits?
- A Georgia license is found to have been obtained through fraud. What does section 33-23-21 allow the Commissioner to do?
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