Title 33, Chapter 1, Section 2
As used in this title, the term:
(1) "Commissioner of Insurance" or "Commissioner" means the
Commissioner of Insurance of the State of Georgia.
(2) "Insurance" means a contract which is an integral part of a
plan for distributing individual losses whereby one undertakes to
indemnify another or to pay a specified amount or benefits upon
(3) "Insurance Department" or "department" means the Insurance Department established by Code Section 33-2-1.
(4) "Insurer" means any person engaged as indemnitor, surety, or
contractor who issues insurance, annuity or endowment contracts,
subscriber certificates, or other contracts of insurance by
whatever name called. Hospital service nonprofit corporations,
nonprofit medical service corporations, burial associations,
health care plans, and health maintenance organizations are
insurers within the meaning of this title.
(5) "Person" means an individual, insurer, company, association,
trade association, organization, society, reciprocal or
interinsurance exchange, partnership, syndicate, business trust,
corporation, Lloyd's association, and associations, groups, or
department of underwriters, and any other legal entity.
(5.1) "Security," "security deposit," "special deposit," or
"deposit," when used to refer to posted deposits required to be
placed in the possession of the Commissioner, shall mean the
actual physical evidence of a security, such as a certificate, or
an entry made through the federal reserve book-entry system. The
federal reserve book-entry system shall be limited in meaning to
the computerized systems sponsored by the United States Department
of Treasury and certain agencies and instrumentalities of the
United States for holding and transferring securities of the
United States government and such agencies and instrumentalities,
respectively, in federal reserve banks through banks which are
members of the Federal Reserve System or which otherwise have
access to such computerized systems.
(6) "Transact," with respect to insurance, includes any of the
(A) Solicitation and inducement;
(B) Preliminary negotiations;
(C) Effectuation of a contract of insurance; or
(D) Transaction of matters subsequent to effectuation of the
contract and arising out of it.