Statutes, codes, and regulations
Georgia Administrative Code
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONERChapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-55 - ADMINISTRATIVE SUPERVISION
Rule 120-2-55-.08 - Administrative Election of Proceedings

Ga. Comp. R. & Regs. 120-2-55-.08

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Current through Rules and Regulations filed through June 17, 2024
Rule 120-2-55-.08 - Administrative Election of Proceedings

Nothing contained in this Regulation shall preclude the Commissioner from initiating proceedings to place an insurer in conservation, rehabilitation or liquidation proceedings or other delinquency proceedings, however designated under the laws of this State, regardless of whether the Commissioner has previously initiated administrative supervision proceedings under this Regulation against the insurer.

Ga. Comp. R. & Regs. R. 120-2-55-.08

O.C.G.A. Secs. 33-2-9, 33-3-17, 33-3-18, 33-37-7, 33-37-8.

Original Rule entitled "Administrative Election of Proceedings" adopted. F. Aug. 19, 1993; eff. Sept. 8, 1993.