Limited-Risk Entities
Limited Risk Entities
State of Georgia Recent Filing Changes
Effective December 16th. 2023, Georgia has transitioned to a newly designed company portal. Any other web portal credentials will not authenticate you on the new GIMS Company Portal, the new GIMS portal requires its own username and password. You must register your company for access to the new company portal. Click here for instructions on registering and accessing the new company portal. At the GIMS main page, a number to call for assistance is at the top banner. For helpful videos and user guides, scroll down to access.
Annual Renewals, Corporate Amendments, and Service of Process are now submitted through GIMS Company Portal. Each application will be processed digitally creating a paperless experience. Invoices will be paid upon the completion of each application and receipts will be made available through your company’s portal and email.
Please note the annual renewal due dates for your entity type. A $15.00 per day late fee will be applied to your annual renewal invoice if submitted after the due date.
Please remember to check email inboxes and spam/junk folders to ensure future updates and notices are read. As you learn to navigate the new GIMS Company Portal, please be sure to review all company contacts to ensure up to date information.
Limited-Risk Entities
The Limited-Risk Entities Division regulates (1) a growing and constantly evolving community of niche market insurance entities that bear little to no risk, and (2) certain risk-bearing entities that fall outside of the traditional insurance company framework. Each of these limited-risk or non-traditional entities are licensed/registered by the Department and require continual regulatory oversight:
- Automobile Self-Insurers
- Entities Issuing Charitable Gift Annuities
- Farmers' Mutual Fire Insurance Companies
- Continuing Care Providers and Facilities
- Third Party Administrators
- Exempted Third Party Administrators
- Life Settlement Providers
- Managing General Agents
- Pharmacy Benefits Managers
- Premium Finance Companies
- Prepaid Legal Services Plan Sponsors
- Reinsurance Intermediaries
- Rental Preferred Provider Networks
- Vehicle Protection
- Product Warrantors
- Risk Retention Groups (Foreign)
- Risk Purchasing Groups
Processes have changed with the implementation of GIMS. Not all forms have been updated with the GIMS processes. All forms should be uploaded to your application or renewal in GIMS. Do not mail forms or payments or email documents unless expressly requested by OCI staff. Thank you for your understanding while we update forms and instructions. If you have any questions, please email us at the email account listed for the specific entities below. We endeavor to return all messages and emails within one business day.
Limited-Risk Entity Forms & Instructions
- Automobile Self Insurers - Contact [email protected]
- Charitable Gift Annuities - Contact: [email protected]
- Defined in O.C.G.A. § 33-58
- Registration Instructions:
- Registrations applications are required to be filed electronically
- Provide correct business and mailing address, phone numbers, email address and website for organization
- Articles of Incorporation
- Audited Financials are required to be submitted for the previous two years with a minimum of $300,000 in unrestricted cash, cash equivalents, or publicly traded securities
- Citizenship affidavit and acceptable ID of a responsible person of the organization
- No fee filing
- Renewal Instructions
- Renewals are required to be filed electronically
- Audited Financials are required to be submitted
- Citizenship affidavit and acceptable IDs are only required if the responsible party is a non-citizen or if there is a change in the responsible party since the previous filing
- Review and update all contact information
- No fee filing
- Registration Instructions:
- Defined in O.C.G.A. § 33-58
- County Mutuals - Contact [email protected]
- Life Plan Communities - Contact [email protected]
- Life Settlement Providers - Contact [email protected]
- Pharmacy Benefit Managers - - Contact [email protected]
- Premium Finance Companies - Contact [email protected]
- Prepaid Legal Plans - Contact [email protected]
- Rental Preferred Provider Networks - Contact [email protected]
- Rental Preferred Provider Networks Forms
- Registration Information
- Complete the registration request for the GIMS system. Information is provided at the top of this page
- Be prepared to provide all contact information, including business and mailing address and phone numbers
- Complete the citizenship affidavit and ID for the responsible party
- After approval for registration account in GIMS, log into system and apply
- Provide all information requested
- Upload the citizenship affidavit and ID
- Pay the $50 filing fee and $5 processing fee
- Renewal Instructions
- Log into the GIMS system
- Be prepared to provide any updated contact information, including business and mailing address and phone numbers
- A citizenship affidavit and Id are only required on renewals if the responsible party has changed or if the responsible party is a non-citizen. Upload if required.
- Pay the $50 filing fee and $5 processing fee
- Risk Purchasing Groups - Contact [email protected]
- Risk Retention Groups - Contact [email protected]
- Third Party Administrators - Contact [email protected]
- TPA Exemption Registration -
- Complete the registration requests for the GIMS system. Information provided at the top of this page.
- Complete the exemption form
- Provide a citizenship affidavit and acceptable ID for the responsible party
- Log in and complete the application process
- Upload documents required
- Pay registration fee of $50 plus the $5 processing fee
- TPA Exemption Renewals -
- Complete exemption form
- Apply for the renewal online
- Payment of $50 filing fee plus $5 processing fee
- A citizenship affidavit and Id are only required on renewals if the responsible party has changed or if the responsible party is a non-citizen.
- Please refer to the instructions at the top of this page for access to file
- Third Party Administrators Renewals -
Renewal
Information
. forms available below.
- Upload documents of the entity for review.
- If any changes to the entity, provide Articles of Incorporation which contain stamp or certification of Secretary of State
- If any changes, provide By-laws containing corporate seal or certification page from officers of entity
- If any changes in ownership, provide one copy for each individuals with more than 10% ownership the Biographical Statement and Affidavit Form (GID-052-NT) and Investigative Background Reports for each of the above individuals
- List of All accounts administered and NAIC company numbers with amounts of funds managed or handled for Georgia annually. List separate amount for premiums and claim paid, if applicable
- Submit a copy of a surety bond (GID-057-NT can be used) or continuation notice with bond number provided
- Bond amount equal to or at least 10% of annualized funds handled or managed
- If applicant collects premiums and pays claims, the 10% should be calculated on the greater amount
- 30 day's notice of cancellation to OCI and named to OCI
- Must be for at least $100,000 but not more than $500,000
- Errors and Omissions Policy or continuation notice with bond number provided
- Must provide 60 day's cancellation notice clause
- Automatic renewals at the expiration date of the policy and name to the Commissioner of Insurance - State of Georgia
- Copy of the Audited Financials for the past two calendar years (GID-056-NT can be used). For any extension request to be considered, all renewal and processing fees and all other document requirements must be provided.
- Upload documents of the entity for review.
- Third Party Administrators Application Process - .Forms provided below
- Complete the registration requests for the GIMS system. Information provided at the top of this page.
- Enter name, EIN, business and mailing address, and phone numbers and email addresses
- Enter type of organization
- Upload documents of the entity for review.
- Articles of Incorporation which contain stamp or certification of Secretary of State
- Georgia Security of State Certificate of Good Standing
- Any trust, shareholder agreements and all amendments
- By-laws containing corporate seal or certification page from officers of entity
- Complete one copy for each individuals with more than 10% ownership the Biographical Statement and Affidavit Form GID-052-NT
- Investigative Background Reports for each of the above individuals
- List of All accounts administered and NAIC company numbers with amounts of funds managed or handled for Georgia annually. List separate amount for premiums and claim paid, if applicable
- Submit a copy of a surety bond (Administrator Fidelity Bond Form GID-057-NT below can used)
- Bond amount equal to or at least 10% of annualized funds handled or managed
- If applicant collects premiums and pays claims, the 10% should be calculated on the greater amount
- 30 day's notice of cancellation to OCI and named to OCI
- Must be for at least $100,000 but not more than $500,000
- Errors and Omissions Policy
- Must provide 60 day's cancellation notice clause
- Automatic renewals at the expiration date of the policy and name to the Commissioner of Insurance - State of Georgia
- For all TPAs currently in business, copy of the Audited Financials for the past two calendar years (Financial Statement GID-056-NT form below can be used)
- If not currently in business as a TPA, a statement of amounts and sources of funds for establishment of the business and can include a financial statement showing initial investments
- List of ownership interest or affiliation of any kind with any insurance company responsible directly or through reinsurance for providing benefits to any plan administrative services are provided
- Forms for Third Party Administrators:
- TPA Exemption Registration -
- Vehicle Protection Warrantor - Contact [email protected]