§ 8-74. Insurer administrative fees.

(a)

Pursuant to O.C.G.A. § 33-8-8, each insurer providing insurance in a class specified in this section in the City shall be subject to licensure under this chapter and shall pay an administrative fee for each of its business locations in the amount established by the City Council, unless such location is subject to an administrative fee under any other section of this article. For purposes of this section, insurer means a company that is authorized to transact business in the classes of insurance designated in O.C.G.A. § 33-3-5:

(1)

Life, accident, and sickness;

(2)

Property, marine, and transportation;

(3)

Casualty;

(4)

Surety;

(5)

Title; and

(6)

Health maintenance organization.

(b)

The administrative fee assessed in this section is due January 1 of each year.

(Code 1997, § 4-108(1); Ord. of 7-11-2011(01), § 1; Ord. of 12-05-2011(01), § 1)

State law reference

Classes of insurance, O.C.G.A. § 33-3-5; authority for license fees limited by city population, O.C.G.A. § 33-8-8.