Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
Who governs a Georgia mutual insurer?
Answer and explanation
Answer: A. Section 33-14-2(1) defines a mutual insurer as an incorporated insurer without capital stock or shares which is owned and governed by its policyholders. It has no shares for anyone to hold, and neither the Commissioner nor its agents govern it.Source: O.C.G.A. § 33-14-2 — 33-14-2(1), Governance
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