™Your Policy Risk Impact Agent
18 chapters · 378 sections in this title.
16 GCA § 23101 Approval or Issue Of Plan for Apportionment of Applicants;
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Amendments; Hearing; Subscription and Participation; Publication of Notice of Hearing. The Commissioner, after a public hearing, shall approve or issue a reasonable plan for the equitable apportionment, among insurers admitted to COL 03072011 transact liability insurance, of thos…
16 GCA § 23102 When Assignments Not to Be Required
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Such plan shall not require assignments to be made to an insurer which (a) does not transact automobile bodily injury and property damage liability insurance, (b) has withdrawn from Guam pursuant to, and in compliance with § 43112 GC, or (c) has discontinued the execution of new …
16 GCA § 23103 Amount of Coverage Required to Be Issued
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Such plan shall require the issuance of a policy affording coverage in the amount of Five Thousand Dollars ($5,000.00) for bodily injury to or death of each person as the result of any one (1) accident and, subject to said limit as to one (1) person, the amount of Ten Thousand Do…
16 GCA § 23104 Formation of Organization to Administer and Operate Plan;
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Apportionment of Cost of Organization. COL 03072011 To carry out the purpose of this Chapter, the subscribing insurers may form their own organization which shall, subject to review by the Commissioner, administer and operate the plan. The cost of such organization shall be fairl…