Under O.C.G.A. § 33-23-35(c), the willful misappropriation of premium funds by a Georgia licensee rises from a misdemeanor to a felony when the amount involved exceeds what threshold?

Why B is correct

Under O.C.G.A. § 33-23-35(c), a willful violation of Georgia's premium-fiduciary rule is a misdemeanor, but it becomes a felony once the amounts involved exceed $1,000. This gives producers a bright-line criminal boundary: even routine 'borrowing' of premium dollars past the $1,000 mark converts a licensing problem into felony exposure.

Why the other options are wrong

• A) $500 is not Georgia's felony threshold; the Georgia statute draws the line at $1,000, so amounts between $500 and $1,000 remain misdemeanor territory rather than a felony.
• C) $5,000 is the statutory floor of the bad-faith penalty computation under O.C.G.A. § 33-4-6, not the premium-misappropriation felony threshold of O.C.G.A. § 33-23-35(c).
• D) $10,000 is the per-act civil penalty ceiling in a cease-and-desist action under O.C.G.A. § 33-6-9, a separate regulatory sanction unrelated to the felony threshold.

Memory hook

Steal a grand in Georgia and the misdemeanor grows into a felony.