Georgia § 33-41-7 - Directors or managers.
Full text of Georgia Official Code of Georgia Annotated § 33-41-7 — Directors or managers., with citation guidance and answers to common questions.
§ 33-41-7. Directors or managers.
The affairs of every captive insurance company shall be managed by not less than three directors or managers. At least one of the directors or managers of every captive insurance company shall be a resident of this state. Every captive insurance company shall report to the Commissioner within 30 days after any change in its directors or managers including in its report a statement of the business and professional background and affiliations of any new director or manager. (Code 1981, § 33-41-7 , enacted by Ga. L. 1988, p. 966, § 2; Ga. L. 2015, p. 377, § 1-3/HB 552; Ga. L. 2016, p. 825, § 1/SB 347; Ga. L. 2017, p. 682, § 6/SB 173.)
Frequently Asked Questions About Georgia § 33-41-7
What does Official Code of Georgia Annotated § 33-41-7 cover?
Section 33-41-7 ("Directors or managers.") 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 § 33-41-7?
A common citation format is "Official Code of Georgia Annotated § 33-41-7" (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 § 33-41-7 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.