Georgia § 33-14-103 Powers of limited purpose subsidiary

Georgia Statutes

§ 33-14-103 — Powers of limited purpose subsidiary

Georgia § 33-14-103

Title33

This text of Georgia § 33-14-103 (Powers of limited purpose subsidiary) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 33-14-103 (2026).

Text

A limited purpose subsidiary that is granted a certificate of authority by the Commissioner under this article:

(1)Is wholly owned by the organizing domestic reinsurer;

(2)Is authorized to engage in the business of reinsurance only for the lines of insurance for which the organizing domestic reinsurer is authorized;

(3)May reinsure only risks of the organizing domestic reinsurer; and (4) May access alternative forms of financing.

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A limited purpose subsidiary that is granted a certificate of authority by the Commissioner under this article: (1) Is wholly owned by the organizing domestic reinsurer; (2) Is authorized to engage in the business of reinsurance only for the lines of insurance for which the organizing domestic reinsurer is authorized; (3) May reinsure only risks of the organizing domestic reinsurer; and (4) May access alternative forms of financing.