§ 33-41-4 - Prerequisites to transacting insurance - Georgia Statutes

O.C.G.A. 33-41-4 (2010)
33-41-4. Prerequisites to transacting insurance

No captive insurance company may transact any insurance in this state unless:

(1) It first obtains from the Commissioner a certificate of authority authorizing it to transact insurance in this state;

(2) It maintains its principal place of business in this state; and

(3) Any organization providing the principal administrative or management services to such captive insurance company shall maintain its principal place of business in this state and shall be approved by the Commissioner.