Rule 120-2-23-.11 - Acquisition of O.C.G.A. Section 33-13-3(a)(1) Insurers(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 33-13-3 is being acquired, references to "the insurer" contained in Form A shall refer to both the domestic subsidiary insurer and the person being acquired.
Ga. Comp. R. & Regs. R. 120-2-23-.11
O.C.G.A. Secs. 33-2-9, 33-13-9.
Original Rule entitled "Acquisition of O.C.G.A. Section 33-13-3(a)(1) Insurers" adopted. F. Jul. 14, 1992; eff. Aug. 3, 1992.Amended: F. Nov. 6, 2013; eff. Nov. 26, 2013.