GroundRules
O.C.G.A. § 33-14-103: Powers of limited purpose subsidiary.
Where this section sits in the code
- TITLE 33 Insurance
- CHAPTER 14 Domestic Stock and Mutual Insurers
- Article 5 Limited Purpose Subsidiary Insurance Companies
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.
Collected 2026-09-17T18:58:47Z. Source file · JSON
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