{"data":{"id":"us-ga/o.c.g.a.-33-14-109","jurisdiction":"us-ga","citation":"O.C.G.A. § 33-14-109","heading":"Adoption of rules.","body":"(a) The Commissioner shall, before approving a limited purpose subsidiary under this article, adopt rules pursuant to Code Section 33-2-9 to implement this article.\n(b) The rules adopted under subsection (a) of this Code section shall address, but not be limited to, the following concerning limited purpose subsidiaries:\n(1) Requirements for organization of a limited purpose subsidiary;\n(2) Requirements for a plan of operation;\n(3) Capital, surplus, and risk-based capital requirements;\n(4) Requirements for reporting and notifications;\n(5) Requirements for reserves, including actuarial certification;\n(6) Requirements for authorized investments;\n(7) Requirements with respect to reinsurance ceded or assumed by the limited purpose subsidiary;\n(8) Requirements and restrictions for material transactions;\n(9) Requirements for dividends and distributions;\n(10) Requirements for operations; and\n(11) Conditions of, forms for, and approval of the financing of a limited purpose subsidiary.","path":["TITLE 33 Insurance","CHAPTER 14 Domestic Stock and Mutual Insurers","Article 5 Limited Purpose Subsidiary Insurance Companies"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.33.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"f64f7d36f12dad12cb449874fb0c59ce7eb4e435bec29e7c0d5dddfe4ed99367","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-33-14-108","next":"us-ga/o.c.g.a.-33-14-120"},"notice":"GroundRules: Original legal text. Not legal advice."}