Georgia § 33-14-20 - Limitation on commission received by persons selling stock of insurers; participation by corporate officers in commissions.
Full text of Georgia Official Code of Georgia Annotated § 33-14-20 — Limitation on commission received by persons selling stock of insurers; participation by corporate officers in commissions., with citation guidance and answers to common questions.
§ 33-14-20. Limitation on commission received by persons selling stock of insurers; participation by corporate officers in commissions.
No officer, agent, or other person selling or negotiating stock in any domestic insurance company shall receive either directly or indirectly more than 10 percent of the sales price of any of said stock. No president, vice-president, secretary, treasurer, or director or any other executive officer of any insurance company shall participate in the commission received by any person selling or negotiating the sale of any stock of any insurance company either directly or indirectly. No salaried officer of any insurance company shall participate in the commissions deriving from the sale of life insurance policies or agency contracts of the companies. (Ga. L. 1912, p. 119, § 19; Code 1933, § 56-522; Code 1933, § 56-1542, enacted by Ga. L. 1960, p. 289, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-14-20
What does Official Code of Georgia Annotated § 33-14-20 cover?
Section 33-14-20 ("Limitation on commission received by persons selling stock of insurers; participation by corporate officers in commissions.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 33-14-20?
A common citation format is "Official Code of Georgia Annotated § 33-14-20" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 33-14-20 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.