State RegulationsGA specificDifficulty 3/5
Which statement correctly distinguishes authorized from unauthorized insurers in Georgia?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under Georgia's authorization provisions (O.C.G.A. § 33-3-2 through § 33-3-5), the defining difference is regulatory permission: an authorized insurer has been granted a certificate of authority by the Insurance Commissioner, and an unauthorized insurer has not. Lines of business, company size, and filing status do not control, and an authorized foreign insurer remains subject to its home-state oversight as well.
Why the other options are wrong
- A) Authorization is not defined by a life-versus-property split.
- B) Authorized insurers remain subject to their home-state regulation in addition to Georgia's.
- C) Company size and lines of business do not determine authorization status.
Memory hook
Authorized = Georgia's blessing on paper; unauthorized = no paper, no business.