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L&HGeorgiamedium

Under O.C.G.A. § 33-13-1 et seq. (Georgia's Insurance Holding Company System Regulatory Act), which transaction requires a statement filed with the Commissioner and the Commissioner's prior approval?

ARoutine retail premium collections
Acquisition of control of a Georgia-domiciled insurer
CPayment of monthly commissions to licensed producers
DIssuance of a new individual life policy

Why this is the answer

Georgia's Insurance Holding Company System Regulatory Act (O.C.G.A. § 33-13-1 et seq.) requires advance notice and Commissioner non-disapproval for material affiliated transactions and changes in control. Most notably, no person may acquire control of a Georgia-domiciled insurer without filing a Form A statement and obtaining OCISF approval. Routine retail activities (premium collection, claim payment, commission payment) are not within the holding-company filing regime.

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