Recommendations and Report by the Board of Trustees

  1. Law
  2. Georgia Code
  3. Insurance
  4. Georgia Insurers Insolvency Pool
  5. Recommendations and Report by the Board of Trustees

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  1. To aid in the detection and prevention of insurer insolvencies:
    1. The board of trustees may, upon majority vote, make recommendations to the Commissioner for the detection and prevention of insurer insolvencies;
    2. The board of trustees may, upon majority vote, make recommendations to the Commissioner on matters generally related to improving or enhancing regulation for solvency; and
    3. The board of trustees may, at the conclusion of any domestic insurer insolvency in which the pool was obligated to pay covered claims, prepare a report on the history and causes of such insolvency based on the information available to the pool and submit such report to the Commissioner.
  2. Reports and recommendations made pursuant to this Code section shall not be considered public documents.

(Code 1981, §33-36-14.1, enacted by Ga. L. 2005, p. 563, § 21/HB 407.)

Editor's notes.

- Ga. L. 2005, p. 563, § 24/HB 407, not codified by the General Assembly, provides that this Code section shall apply to insolvencies which occur on or after July 1, 2005.

Ga. L. 2006, p. 887, § 1/HB 1444, not codified by the General Assembly, amended Ga. L. 2005, p. 563, § 24/HB 407, to read: "The provisions of Section 12 of this Act shall apply to insolvencies that occur on or after the effective date of this Act. All other provisions shall apply as of the effective date of this Act." Ga. L. 2005, p. 563, became effective July 1, 2005.


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