Georgia § 33-49-4 - Written authorization of relationship required; contents.
Full text of Georgia Official Code of Georgia Annotated § 33-49-4 — Written authorization of relationship required; contents., with citation guidance and answers to common questions.
§ 33-49-4. Written authorization of relationship required; contents.
Transactions between a broker and the insurer it represents in such capacity shall only be entered into pursuant to a written authorization specifying the responsibilities of each party. The authorization shall, at a minimum, provide that: The insurer may terminate the broker's authority at any time; The broker will render accounts to the insurer accurately detailing all material transactions, including information necessary to support all commissions, charges, and other fees received by or owing to the broker, and remit all funds due to the insurer within 30 days of receipt; All funds collected for the insurer's account will be held by the broker in a fiduciary capacity in a bank which is a qualified United States financial institution; The broker will comply with Code Section 33-49-5; The broker will comply with the written standards established by the insurer for the cession or retrocession of all risks; and The broker will disclose to the insurer any relationship with any reinsurer to which business will be ceded or retroceded. (Code 1981, § 33-49-4 , enacted by Ga. L. 1991, p. 1424, § 8.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 33-49-4
What does Official Code of Georgia Annotated § 33-49-4 cover?
Section 33-49-4 ("Written authorization of relationship required; contents.") 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 § 33-49-4?
A common citation format is "Official Code of Georgia Annotated § 33-49-4" (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 § 33-49-4 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.