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O.C.G.A. § 33-49-5 <-- --> O.C.G.A. §33-49-7

2010 Georgia Code

TITLE 33 - INSURANCE

CHAPTER 49 - REINSURANCE INTERMEDIARIES
§ 33-49-6 - Prohibition against employing unlicensed broker or individual employed by broker; annual statement of broker's financial condition required

O.C.G.A. 33-49-6 (2010)
33-49-6. Prohibition against employing unlicensed broker or individual employed by broker; annual statement of broker's financial condition required


(a) An insurer shall not engage the services of any person, firm, association, or corporation to act as a broker on its behalf unless such person is licensed as required by subsection (a) of Code Section 33-49-3.

(b) An insurer may not employ an individual who is employed by a broker with which it transacts business unless such broker is under common control with the insurer and subject to Chapter 13 of this title.

(c) The insurer shall annually obtain a copy of statements of the financial condition of each broker with which it transacts business.