Captive Insurance Companies; definitions; use of a registered agent to receive service of process; letters of credit; provide

A BILL to be entitled an Act to amend Title 33 of the O.C.G.A., relating to insurance, so as to extensively revise Chapter 41, relating to captive insurance companies; to provide for definitions; to provide for the use of a registered agent to receive service of process; to provide for sponsored captive insurance companies; to provide for letters of credit; to provide for filings and notifications to the Commissioner; to provide for related matters; to repeal conflicting laws; and for other purposes.