Powers of Limited Purpose Subsidiary

  1. Law
  2. Georgia Code
  3. Insurance
  4. Domestic Stock and Mutual Insurers
  5. Limited Purpose Subsidiary Insurance Companies
  6. Powers of Limited Purpose Subsidiary

Checkout our iOS App for a better way to browser and research.

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.

(Code 1981, §33-14-103, enacted by Ga. L. 2011, p. 446, § 1/HB 341.)


Download our app to see the most-to-date content.