The Commissioner may adopt rules establishing standards to ensure that a pure captive insurance company's parent or any of its affiliated companies is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company; provided, however, that, until such time as rules under this Code section are adopted, the Commissioner may approve or deny the coverage of such risks by a pure captive insurance company on a case by case basis.Amended by 2019 Ga. Laws 186,§ 2-12, eff. 7/1/2019.Amended by 2016 Ga. Laws 611,§ 1, eff. 7/1/2016.
Georgia Legal Code