Georgia Administrative Code

(1) The fact that a promissory note is to be executed by the insured must: (a) Be set forth in the Application, preceding the applicant's signature; (b) Show the amount of the note for premiums; (c) Specify the true rate of interest of the note; (d) Give the amount of any down pa…

(1) If the payee of the Note is an insurer or any affiliate thereof, except the agent, a copy of the Note must be delivered with the policy at the time of delivery. (2) If the payee is the agent, a copy of the Note must be delivered with the policy at the time of policy delivery.…

(1) If the Company, or any affiliate thereof, except the agent, be the payee and the promissory note is sold or otherwise transferred, the Company shall: (a) Notify the note maker and all co-makers regarding such transfer or sale after it occurs, inviting any questions relative t…

(1) The maximum amount of any financing arrangement which may be executed in connection with such a transaction shall be in accordance with reasonable and sound underwriting and business practices. (2) A financed program shall not be sold to an undergraduate on a basis where prem…

(1) The cash values shown at the time of presentation shall be a specimen of the policy being offered and not for a larger policy. (Example: if $10,000 policy is being sold, values for this policy shall be shown - not those for a $50,000 or $75,000 program.) This leads to misunde…

(1) An agent or field representative who is licensed by this State as a life insurance agent shall not represent, refer to, or hold himself out to the public under any special title which would obscure the fact that he is a licensed agent of the Company. Identification as an agen…

(1) Impressions left with the applicant that he will receive the first year's insurance free will be considered an improper presentation of the sales transaction by the agent involved. (2) Repeated complaints of "free insurance" for the first year shall be considered strong evide…

In the event an insured expresses a desire to cancel such a policy and premium arrangement, the Georgia Insurance Department will expect the cooperation of the Company and its agents in bringing such matters to a satisfactory conclusion as expeditiously as possible. If it should …

Any insurer, agent, representative, officer, or employee of such insurer, failing to comply with the requirements of this Regulation shall be subject to such penalties as may be appropriate under the Insurance Laws of this State.

This Regulation shall become effective August 1, 1972.

This Regulation is made and promulgated by the undersigned Insurance Commissioner pursuant to the authority set forth in Section 33-2-9; Section 33-7-14; Chapter 33-6; Chapter 33-24; Chapter 33-27; Chapter 33-29; Chapter 33-30; Chapter 33-31 and in particular Sections 33-31-8 and…

The Purpose of this Regulation is: (1) To implement the Insurance Laws of this State with respect to the filing of Credit Life and Credit Accident and Sickness Insurance Forms in this State; (2) To protect the interests of the credit life and credit accident and sickness insuranc…

The following standards shall be observed and followed in the use of Credit Life Insurance Forms in this state: (a) All credit life insurance forms used in this state shall contain schedules of premium rates to be charged in connection therewith which: 1. are reasonable in relati…

The premium rates set forth in Rule .03 of this Regulation assume at least the following minimum policy provisions and requirements: (1) The policy contains no provision which excludes or restricts liability for death other than as a result of suicide occurring within one year of…

(1) If a credit life insurance policy otherwise meeting the requirements of Rule , also provides for payment of the policy proceeds in the event of the loss of two limbs or in the event of the complete loss of eyesight, the insurer may charge a rate not to exceed one percent (1%)…

(1) Where a credit life insurance policy or certificate is issued to cover two lives jointly, the amount of credit life insurance shall be made payable upon the death of the first to die during the term of the policy, and the policy or certificate will then terminate. The phrase …

The following standards shall be observed and followed in the use of Credit Accident and Sickness Insurance Forms in this State: (1) All credit accident and sickness insurance forms used in this State shall contain schedules of premium rates to be charged in connection therewith …

All credit accident and sickness insurance forms filed with the Commissioner pursuant to the provisions of Sections 33-24-9 and 33-31-8 of the Georgia Code for use in this State which do not meet the following minimum standards shall be deemed to be forms which contain provisions…

(1) On the face of each individual policy, group policy, group certificate or notice of proposed insurance there shall be placed a title which shall briefly and accurately describe the nature and form of the policy. (2) Every printed portion of the policy, certificate, or notice …

The following practices, when engaged in by insurers in connection with the sale or placement of credit insurance in this State or as an inducement thereto, shall constitute unfair methods of competition and unfair or deceptive acts or practices in the business of insurance in th…

(1) Any insurance company writing credit life or credit accident and sickness insurance subject to the provisions of this Regulation, may reinsure its liability under any or all of such insurance with any domestic or foreign or alien insurance company authorized or approved to tr…

An insurer may collect premiums on either a single premium basis or on a monthly outstanding balance basis. However, if the creditor adds identifiable insurance charges or premiums for credit insurance to the total amount of indebtedness, the creditor shall be deemed to have loan…

(1) Insurers transacting credit insurance in this State shall only pay directly or indirectly to their agents or managing general agents or to any other person as remuneration for the sale of credit insurance in this State those commissions, service fees, or other forms of compen…

(1) All forms and rates to be utilized for the sale of credit insurance shall be filed with the Commissioner of Insurance for review and approval. (2) No insurer shall use any forms or rates unless they have been filed with and approved by the Commissioner of Insurance. (3) If an…

(1) Each insurer authorized to transact credit insurance in this state shall compile and maintain a complete file containing adequate detailed statistical information and supporting data which shall be sufficient to indicate to the Commissioner of Insurance or to his authorized r…

If any Section or portion of a Section of this Regulation, or the applicability thereof to any person or circumstance is held invalid by the Court of competent jurisdiction, the remainder of the Rules, or the applicability of such provision to other persons or circumstances, shal…

Any insurer, agent, representative, officer, or employee of such insurer, failing to comply with the requirements of this Regulation shall be subject to such penalties as may be appropriate under the insurance laws of this State.

(1) In the event of termination, no charge for credit insurance shall be made for the first 15 days of a loan month and a full month may be charged for 16 days or more of a loan month. (2) If the debt is prepaid by the debtor, the refund check or draft shall be made payable to th…

This Regulation is made and promulgated by the Commissioner of Insurance pursuant to the authority set forth in O.C.G.A. § 33-2-9 and 33-34-1et seq.)

The purpose of this Regulation Chapter is to implement the insurance laws of this State with respect to the Georgia Motor Vehicle Accident Reparations Act (O.C.G.A. §§ 33-34-1et seq.) by: (a) developing minimum requirements and suggested forms for the coverages required by the Ac…

This Regulation Chapter shall apply to all insurers transacting motor vehicle liability insurance in this State.

The following terms shall have the meaning set forth in this Regulation Chapter and in the Georgia Motor Vehicle Accident Reparations Act (O.C.G.A. §§ 33-34-1et seq.) Unless a different meaning or construction is clearly required by the context: (a) "Act" shall mean the Georgia M…

(1) No insurer transacting motor vehicle liability insurance in this State shall offer, or cause to be offered, or sold, any new or renewal policy of motor vehicle liability insurance with a policy term of less than six (6) months and any policy of motor vehicle liability insuran…

(1) Insurers may offer other optional coverage as set forth in O.C.G.A. § 33-34-3.1(b) provided that the optional coverage provided for in this paragraph shall not be referenced in a way that is ambiguous, misleading, or could be easily confused with other optional coverages. Med…

No insurer shall issue a policy providing coverage for liability arising from the operation or use of a motorcycle on public streets or highways unless the policy provides liability coverage on account of accidents of not less than $15,000 because of bodily injury or death of one…

(1) For each personal or family-type policy of private passenger motor vehicle insurance there shall be offered by the insurer a reduction in the premium for motor vehicle liability, first-party medical, and collision coverage for each named driver under 25 years of age, as liste…

(1) The good student premium reduction as contained in this Regulation Chapter shall apply to each driver who qualifies. The good student premium reduction shall conform with the following: (a) The good student premium reduction shall apply to any qualifying driver whose use of t…

Insurers shall be required to: (a) cooperate fully with the Department of Public Safety; (b) furnish their insureds with a satisfactory proof of insurance in accordance with the Rules and Regulations of the Commissioner of Public Safety; and (c) notify the Department of Public Sa…

Any insurer, agent, representative, officer or employee of such insurer, failing to comply with the requirements of this Regulation Chapter shall be subject to such penalties as may be appropriate under the insurance laws of this State.

If any provision of this Regulation Chapter, or the application thereof to any person or circumstance, is held invalid by a court of competent jurisdiction, the remainder of the Regulation Chapter or the applicability of such provision to other persons or circumstances shall not …