Georgia § 33-49-11 - Violations; penalties.
Full text of Georgia Official Code of Georgia Annotated § 33-49-11 — Violations; penalties., with citation guidance and answers to common questions.
§ 33-49-11. Violations; penalties.
A reinsurance intermediary, insurer, or reinsurer found by the Commissioner, after a hearing conducted in accordance with Chapter 2 of this title, to be in violation of any provision of this chapter, shall: For each separate violation, pay a penalty in an amount not exceeding $10,000.00; Be subject to revocation or suspension of its license; and If a violation was committed by the reinsurance intermediary, such reinsurance intermediary shall make restitution to the insurer, reinsurer, rehabilitator, or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to such violation. The decision, determination, or order of the Commissioner pursuant to subsection (a) of this Code section shall be subject to judicial review pursuant to Chapter 2 of this title. Nothing contained in this Code section shall affect the right of the Commissioner to impose any other penalties provided in this title. Nothing contained in this chapter is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, creditors, or other third parties or confer any rights to such persons. (Code 1981, § 33-49-11 , enacted by Ga. L. 1991, p. 1424, § 8.) Code Commission notes. - Pursuant to Code Section 28-9-5, in 1991, "Code" was inserted preceding "section" in subsection (c).
Frequently Asked Questions About Georgia § 33-49-11
What does Official Code of Georgia Annotated § 33-49-11 cover?
Section 33-49-11 ("Violations; penalties.") 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 § 33-49-11?
A common citation format is "Official Code of Georgia Annotated § 33-49-11" (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 § 33-49-11 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.