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 120-2-49 - ADMINISTRATOR REGULATION
Rule 120-2-49-.18 - Change of Management; Acquisition; Affiliation; Relationships with Third Parties
Universal Citation: GA Rules and Regs r 120-2-49-.18
Current through Rules and Regulations filed through September 23, 2024
(1) The administrator shall, within 30 days after the event, notify the Commissioner of any material change in its management.
(2) An administrator's license shall not be sold or transferred to a non-affiliated or otherwise unrelated party.
(3) An administrator may not contract or sub-contract any of its negotiated services to any unlicensed business entity unless specifically approved by the Commissioner.
O.C.G.A. Secs. 33-2-9, 33-23-100et seq., 33-23-104, 33-23-105.
Disclaimer: These regulations may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
