Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-23 - INSURANCE HOLDING COMPANY REGULATIONS
Rule 120-2-23-.11 - Acquisition of O.C.G.A. Section 33-13-3(a)(1) Insurers
Current through Rules and Regulations filed through March 20, 2024
(1) If the person being acquired is deemed to be a "domestic insurer" solely because of the provisions of paragraph (1) of subsection (a) of O.C.G.A. Section 33-13-3, the name of the domestic insurer on the cover page should be indicated as follows:
"ABC Insurance Company, a subsidiary of XYZ Holding Company".
(2) Where an insurer deemed "domestic insurer" under paragraph (4) of subsection (a) of O.C.G.A. Section 33-13-3is being acquired, references to "the insurer" contained in
Form A shall refer to both the domestic subsidiary insurer and the person being acquired.
O.C.G.A. Secs. 33-2-9, 33-13-9.
