Rule 120-2-45-.03. Definitions

1. (1) "Commissioner" means the Commissioner of Insurance of the State of Georgia.
2. (2) "Captive manager" means a third party person that is designated to manage a captive insurance company and to correspond with the Commissioner regarding the business of such company.
3. (3) "Captive insurance company" or "company" means a captive insurance company as defined in O.C.G.A. § 33-41-2(4).
4. (4) "Employee captive manager" means an employee of the company who is designated to manage the company and to correspond with the Commissioner regarding the business of such company.
5. (5) "Person" means an individual, corporation, limited liability company, partnership, association, joint-stock company, trust, unincorporated organization, any similar entity, or any combination of the foregoing acting in concert.
6. (6) "Service provider" means a captive manager, producer, third party administrator, managing general agent, or an insurance intermediary for a company.
7. (7) All other terms as defined in O.C.G.A. § 33-41-1et seq. or, as appropriate, Title 33 of the Official Code of Georgia Annotated, which are used in this Regulation shall have the same meaning as in such references.

Editor's Note: In accordance with O.C.G.A. Section 50-13-21, the contents of this Rule is not filed with or published by the Secretary of State; only names and designations are filed, printed and distributed. This Regulation is on file in the Office of Commissioner of Insurance and is open for public examination and copying. (See Editor's Note, p. 88.03.)Note: "Editor's Note" rescinded. Eff. October 11, 2015.

Authority: O.C.G.A. § 33-41-23.

History. Original Rule entitled "Definitions" f. Feb. 9, 1989; eff. Mar. 1, 1989, as specified by the Agency.

Repealed: New Rule of same title adopted. F. Sep. 21, 2015; eff. Oct. 11, 2015.