reglab/statecodes huggingface dataset:
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Rule 120-2-39-.03 - Separability Article

Current through Rules and Regulations filed through June 27, 2024
If any provision of this Regulation or the application
				  thereof to any person or circumstance is for any reason held to be invalid, the
				  remainder of the Regulation and the application of such provision to other
				  persons or circumstances shall not be affected thereby.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-21.1,
				  33-10-13,
				  33-25-4.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Rule 120-2-39-.04 - Definitions

Current through Rules and Regulations filed through June 27, 2024
A. As used in this
				rule "1983 Table 'a'" means that mortality table developed by the Society of
				Actuaries Committee to Recommend a New Mortality Basis for Individual Annuity
				Valuation and adopted as a recognized mortality table for annuities in June
				1982 by the National Association of Insurance Commissioners.
B. As used in this rule "1983 GAM Table"
				means that mortality table developed by the Society of Actuaries Committee on
				Annuities and adopted as a recognized mortality table for annuities in December
				1983 by the National Association of Insurance Commissioners.
C. As used in this rule "1994 GAR Table"
				means that mortality table developed by the Society of Actuaries Group Annuity
				Valuation Table Task Force and shown on pages 866-867 of Volume XLVII of the
Transactions of the Society of Actuaries
(1995).
D. As used in this rule "Annuity 2000
				Mortality Table" means that mortality table developed by the Society of
				Actuaries Committee on Life Insurance Research and shown on page 240 of Volume
				XLVII of the
Transactions of the Society of Actuaries
(1995).
E. As used in this
				rule, "Period table" means a table of mortality rates applicable to a given
				calendar year (the Period).
F. As
				used in this rule, "Generational mortality table" means a mortality table
				containing a set of mortality rates that decrease for a given age from one year
				to the next based on a combination of a Period table and a projection scale
				containing rates of mortality improvement.
G. As used in this rule "2012 IAR Table"
				means that Generational mortality table developed by the Society of Actuaries
				Committee on Life Insurance Research and containing rates,
				qx2012+n, derived from a
				combination of the 2012 IAM Period Table and Projection Scale G2, using the
				methodology stated in Section 5.
H.
				As used in this rule, "2012 Individual Annuity Mortality Period Life (2012 IAM
				Period) Table" means the Period table containing loaded mortality rates for
				calendar year 2012. This table contains rates,
				qx2012, developed by the
				Society of Actuaries Committee on Life Insurance Research and is shown in
				Appendices 1-2.
I. As used in this
				rule, "Projection Scale G2 (Scale G2)" is a table of annual rates,
				G2x, of mortality improvement by age for projecting
				future mortality rates beyond calendar year 2012. This table was developed by
				the Society of Actuaries Committee on Life Insurance Research and is shown in
				Appendices 3-4.
O.C.G.A. Secs.
				  33-2-9,
				  33-10-13.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Rule 120-2-39-.05 - Individual Annuity or Pure Endowment Contracts

Current through Rules and Regulations filed through June 27, 2024
A. Except as provided in Subsections B and C
				of this section, the 1983 Table "a" is recognized and approved as an individual
				annuity mortality table for valuation and, at the option of the company, may be
				used for purposes of determining the minimum standard of valuation for any
				individual annuity or pure endowment contract issued on or after April 24,
				1979.
B. Except as provided in
				Subsection C of this section, either the 1983 Table "a" or the Annuity 2000
				Mortality Table shall be used for determining the minimum standard of valuation
				for any individual annuity or pure endowment contract issued on or after
				January 1, 1985.
C. Except as
				provided in Subsection D of this section, the Annuity 2000 Mortality Table
				shall be used for determining the minimum standard of valuation for any
				individual annuity or pure endowment contract issued on or after January 1,
				2015.
D. Except as provided in
				Subsection E of this section, the 2012 IAR Mortality Table shall be used for
				determining the minimum standard of valuation for any individual annuity or
				pure endowment contract issued on or after January 1, 2015.
E. The 1983 Table "a" without projection is
				to be used for determining the minimum standards of valuation for an individual
				annuity or pure endowment contract issued on or after January 1, 2014, solely
				when the contract is based on life contingencies and is issued to fund periodic
				benefits arising from:
(1) Settlements of
				various forms of claims pertaining to court settlements or out of court
				settlements from tort actions;
(2)
				Settlements involving similar actions such as worker's compensation claims;
				or
(3) Settlements of long term
				disability claims where a temporary or life annuity has been used in lieu of
				continuing disability payments.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Rule 120-2-39-.06 - Application of the 2012 IAR Mortality Table

Current through Rules and Regulations filed through June 27, 2024
In using the 2012 IAR Mortality Table, the mortality rate for
				  a person age x in year (2012 + n) is calculated as follows:
Click
				  here to view
The resulting qx
									2012+n shall be rounded to three
				  decimal places per 1,000, e.g., 0.741 deaths per 1,000. Also, the rounding
				  shall occur according to the formula above, starting at the 2012 period table
				  rate.
For example, for a male age 30,
				  qx2012= 0.741.
qx
									2013= 0.741 * (1 - 0.010) ^ 1 =
				  0.73359, which is rounded to 0.734.
qx
									2014= 0.741 * (1 - 0.010) ^ 2 =
				  0.7262541, which is rounded to 0.726.
A method leading to incorrect rounding would be to calculate
				  qx
									2014 as qx
									2013 * (1 - 0.010), or 0.734 * 0.99 =
				  0.727. It is incorrect to use the already rounded qx
									2013 to calculate
				  qx
									2014.
O.C.G.A. Secs.
				  33-2-9,
				  33-10-13.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Rule 120-2-39-.07 - Group Annuity or Pure Endowment Contracts

Current through Rules and Regulations filed through June 27, 2024
A. Except as provided in Subsections B and C
				of this section, the 1983 GAM Table, the 1983 Table "a" and the 1994 GAR Table
				are recognized and approved as group annuity mortality tables for valuation
				and, at the option of the company, any one of these tables may be used for
				purposes of valuation for an annuity or pure endowment purchased on or after
				April 24, 1979, under a group annuity or pure endowment contract.
B. Except as provided in Subsection C of this
				section, either the 1983 GAM Table or the 1994 GAR Table shall be used for
				determining the minimum standard of valuation for any annuity or pure endowment
				purchased on or after January 1, 1985 under a group annuity or pure endowment
				contract.
C. The 1994 GAR Table
				shall be used for determining the minimum standard of valuation for any annuity
				or pure endowment purchased on or after January 1, 2015, under a group annuity
				or pure endowment contract.
O.C.G.A. Secs.
				  33-2-9,
				  33-10-13.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Rule 120-2-39-.08 - Application of the 1994 GAR Table

Current through Rules and Regulations filed through June 27, 2024
In using the 1994 GAR Table, the mortality rate for a person
				  age x in year (1994 + n) is calculated as follows:
Click
				  here to view
where the
				  qx1994 and
				  AAx are as specified in the 1994 GAR
				  Table.
O.C.G.A. Secs.
				  33-2-9,
				  33-10-13.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Rule 120-2-39-.09 - Effective Date

Current through Rules and Regulations filed through June 27, 2024
The effective date of this regulation is January 1,
				  2015.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Appendix (120-2-39) I

Current through Rules and Regulations filed through June 27, 2024
2012 IAM Period Table
Female, Age Nearest Birthday
AGE
1000.
							 qx2012
AGE
1000.
							 qx2012
AGE
1000.
							 qx2012
AGE
1000.
							 qx2012
0
1.621
30
0.300
60
3.460
90
88.377
1
0.405
31
0.321
61
3.916
91
97.491
2
0.259
32
0.338
62
4.409
92
107.269
3
0.179
33
0.351
63
4.933
93
118.201
4
0.137
34
0.365
64
5.507
94
130.969
5
0.125
35
0.381
65
6.146
95
146.449
6
0.117
36
0.402
66
6.551
96
163.908
7
0.110
37
0.429
67
7.039
97
179.695
8
0.095
38
0.463
68
7.628
98
196.151
9
0.088
39
0.504
69
8.311
99
213.150
10
0.085
40
0.552
70
9.074
100
230.722
11
0.086
41
0.600
71
9.910
101
251.505
12
0.094
42
0.650
72
10.827
102
273.007
13
0.108
43
0.697
73
11.839
103
295.086
14
0.131
44
0.740
74
12.974
104
317.591
15
0.156
45
0.780
75
14.282
105
340.362
16
0.179
46
0.825
76
15.799
106
362.371
17
0.198
47
0.885
77
17.550
107
384.113
18
0.211
48
0.964
78
19.582
108
400.000
19
0.221
49
1.051
79
21.970
109
400.000
20
0.228
50
1.161
80
24.821
110
400.000
21
0.234
51
1.308
81
28.351
111
400.000
22
0.240
52
1.460
82
32.509
112
400.000
23
0.245
53
1.613
83
37.329
113
400.000
24
0.247
54
1.774
84
42.830
114
400.000
25
0.250
55
1.950
85
48.997
115
400.000
26
0.256
56
2.154
86
55.774
116
400.000
27
0.261
57
2.399
87
63.140
117
400.000
28
0.270
58
2.700
88
71.066
118
400.000
29
0.281
59
3.054
89
79.502
119
400.000
120
1000.000
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Appendix (120-2-39) II

Current through Rules and Regulations filed through June 27, 2024
2012 IAM Period Table
Male, Age Nearest Birthday
AGE
1000.
							 qx2012
AGE
1000.
							 qx2012
AGE
1000.
							 qx2012
AGE
1000.
							 qx2012
0
1.605
30
0.741
60
5.096
90
109.993
1
0.401
31
0.751
61
5.614
91
123.119
2
0.275
32
0.754
62
6.169
92
137.168
3
0.229
33
0.756
63
6.759
93
152.171
4
0.174
34
0.756
64
7.398
94
168.194
5
0.168
35
0.756
65
8.106
95
185.260
6
0.165
36
0.756
66
8.548
96
197.322
7
0.159
37
0.756
67
9.076
97
214.751
8
0.143
38
0.756
68
9.708
98
232.507
9
0.129
39
0.800
69
10.463
99
250.397
10
0.113
40
0.859
70
11.357
100
268.607
11
0.111
41
0.926
71
12.418
101
290.016
12
0.132
42
0.999
72
13.675
102
311.849
13
0.169
43
1.069
73
15.150
103
333.962
14
0.213
44
1.142
74
16.860
104
356.207
15
0.254
45
1.219
75
18.815
105
380.000
16
0.293
46
1.318
76
21.031
106
400.000
17
0.328
47
1.454
77
23.540
107
400.000
18
0.359
48
1.627
78
26.375
108
400.000
19
0.387
49
1.829
79
29.572
109
400.000
20
0.414
50
2.057
80
33.234
110
400.000
21
0.443
51
2.302
81
37.533
111
400.000
22
0.473
52
2.545
82
42.261
112
400.000
23
0.513
53
2.779
83
47.441
113
400.000
24
0.554
54
3.011
84
53.233
114
400.000
25
0.602
55
3.254
85
59.855
115
400.000
26
0.655
56
3.529
86
67.514
116
400.000
27
0.688
57
3.845
87
76.340
117
400.000
28
0.710
58
4.213
88
86.388
118
400.000
29
0.727
59
4.631
89
97.634
119
400.000
120
1000.000
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Appendix (120-2-39) III

Current through Rules and Regulations filed through June 27, 2024
Projection Scale G2
Female, Age Nearest Birthday
AGE
G2x
AGE
G2x
AGE
G2x
AGE
G2x
0
0.010
30
0.010
60
0.013
90
0.006
1
0.010
31
0.010
61
0.013
91
0.006
2
0.010
32
0.010
62
0.013
92
0.005
3
0.010
33
0.010
63
0.013
93
0.005
4
0.010
34
0.010
64
0.013
94
0.004
5
0.010
35
0.010
65
0.013
95
0.004
6
0.010
36
0.010
66
0.013
96
0.004
7
0.010
37
0.010
67
0.013
97
0.003
8
0.010
38
0.010
68
0.013
98
0.003
9
0.010
39
0.010
69
0.013
99
0.002
10
0.010
40
0.010
70
0.013
100
0.002
11
0.010
41
0.010
71
0.013
101
0.002
12
0.010
42
0.010
72
0.013
102
0.001
13
0.010
43
0.010
73
0.013
103
0.001
14
0.010
44
0.010
74
0.013
104
0.000
15
0.010
45
0.010
75
0.013
105
0.000
16
0.010
46
0.010
76
0.013
106
0.000
17
0.010
47
0.010
77
0.013
107
0.000
18
0.010
48
0.010
78
0.013
108
0.000
19
0.010
49
0.010
79
0.013
109
0.000
20
0.010
50
0.010
80
0.013
110
0.000
21
0.010
51
0.010
81
0.012
111
0.000
22
0.010
52
0.011
82
0.012
112
0.000
23
0.010
53
0.011
83
0.011
113
0.000
24
0.010
54
0.011
84
0.010
114
0.000
25
0.010
55
0.012
85
0.010
115
0.000
26
0.010
56
0.012
86
0.009
116
0.000
27
0.010
57
0.012
87
0.008
117
0.000
28
0.010
58
0.012
88
0.007
118
0.000
29
0.010
59
0.013
89
0.007
119
0.000
120
0.000
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-39 - LIFE AND ANNUITY TABLES › Appendix (120-2-39) IV

Current through Rules and Regulations filed through June 27, 2024
Projection Scale G2
Male, Age Nearest Birthday
AGE
G2x
AGE
G2x
AGE
G2x
AGE
G2x
0
0.010
30
0.010
60
0.015
90
0.007
1
0.010
31
0.010
61
0.015
91
0.007
2
0.010
32
0.010
62
0.015
92
0.006
3
0.010
33
0.010
63
0.015
93
0.005
4
0.010
34
0.010
64
0.015
94
0.005
5
0.010
35
0.010
65
0.015
95
0.004
6
0.010
36
0.010
66
0.015
96
0.004
7
0.010
37
0.010
67
0.015
97
0.003
8
0.010
38
0.010
68
0.015
98
0.003
9
0.010
39
0.010
69
0.015
99
0.002
10
0.010
40
0.010
70
0.015
100
0.002
11
0.010
41
0.010
71
0.015
101
0.002
12
0.010
42
0.010
72
0.015
102
0.001
13
0.010
43
0.010
73
0.015
103
0.001
14
0.010
44
0.010
74
0.015
104
0.000
15
0.010
45
0.010
75
0.015
105
0.000
16
0.010
46
0.010
76
0.015
106
0.000
17
0.010
47
0.010
77
0.015
107
0.000
18
0.010
48
0.010
78
0.015
108
0.000
19
0.010
49
0.010
79
0.015
109
0.000
20
0.010
50
0.010
80
0.015
110
0.000
21
0.010
51
0.011
81
0.014
111
0.000
22
0.010
52
0.011
82
0.013
112
0.000
23
0.010
53
0.012
83
0.013
113
0.000
24
0.010
54
0.012
84
0.012
114
0.000
25
0.010
55
0.013
85
0.011
115
0.000
26
0.010
56
0.013
86
0.010
116
0.000
27
0.010
57
0.014
87
0.009
117
0.000
28
0.010
58
0.014
88
0.009
118
0.000
29
0.010
59
0.015
89
0.008
119
0.000
120
0.000
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.01 - Statutory Authority

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.02 - Purpose

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.03 - Definitions

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.04 - Application for Certificate of Authority; Renewal

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.05 - Application to Serve as Administrator; Officer Director or Trustee

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.06 - Request for Additional Information

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.07 - Financial Reporting; Annual Statements; Quarterly Statements

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.08 - Books and Records; Examination

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.09 - Membership

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.10 - Specific and Aggregate Excess Insurance

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.11 - Surplus

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.12 - Administrator's Bond and Insurance

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.13 - Compensation of Administrator or Trustee

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.14 - Premiums

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.15 - Reserves

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.16 - Rate Filings

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.17-.19 - Reserved for Future Use

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.20 - Penalties

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-40 - PUBLIC SELF-INSURANCE FUNDS › Rule 120-2-40-.21 - Severability

Current through Rules and Regulations filed through June 27, 2024
O.C.G.A. Secs.
				  20-2-2019,
				  33-2-9 and
				  36-85-16.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.01 - Statutory Authority

Current through Rules and Regulations filed through June 27, 2024
This Regulation is made and promulgated by the Commissioner
				  of Insurance pursuant to the authority set forth in O.C.G.A. Section
				  33-2-9 and Act 669, Ga. L. 1987,
				  p. 911.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.02 - Purpose

Current through Rules and Regulations filed through June 27, 2024
The purpose of this Regulation is to establish guidelines and
				  limitations for premium modification rating plans.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.03 - Definitions

Current through Rules and Regulations filed through June 27, 2024
(1) "Commissioner"
				shall mean the Commissioner of Insurance of the State of Georgia.
(2) "Line of coverage" shall mean each
				separate line from the annual statement "Exhibit of Premiums and Losses"
				required to be filed by Rule
				120-2-18-.04 of the Rules and
				Regulations of the Georgia Insurance Department.
(3) "Plans" or "Rating Plans" shall mean
				rating plans which modify classification rates to produce rates for individual
				risks.
(4) "Regulation" shall mean
				Chapter 120-2-41 of the Rules and Regulations of the Georgia Insurance
				Department.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.04 - Standards for Rating Plans

Current through Rules and Regulations filed through June 27, 2024
(1) The standards and limitations of this
				Rule apply to rating plans which establish standards to modify classification
				rates to produce rates for individual risks.
(2) For plans based on the past loss
				experience of the individual risk, the insured must furnish proof of the loss
				record from the previous insurer or insurers for the lesser of:
(a) the experience period; or
(b) the length of time the risk has been
				insured.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.05 - Exceptions to Standards

Current through Rules and Regulations filed through June 27, 2024
(1) Notwithstanding paragraph (5) of Rule
				120-2-41-.04, plans based on
				factors other than past loss experience to which this Regulation applies may
				utilize a maximum debit of forty percent (40%) and a maximum credit of fifty
				percent (50%) if the insurer shows to the satisfaction of the Commissioner that
				the amount collected on an annualized basis from all insureds under the line of
				coverage of the rating plan of the insurer is not less than ninety-five percent
				(95%) but not more than one hundred five percent (105%) of an amount
				represented by the product of the filed rate amount on the line of coverage of
				the rating plan multiplied by the annualized number of insureds.
(2) For purposes of implementation of this
				Regulation, an insurer is deemed to be in compliance, as of January 1, 1988,
				with paragraph (1) of this Rule.
(3) Reporting of compliance for continued
				usage of the debit and credit percentages under paragraph (1) of this Rule
				shall be on an annual basis which shall coincide with the expiration date of
				policies, if such policies issued have a uniform annual expiration date.
				Otherwise, reporting shall be made as of December 31 of each year. Reports
				shall be due in the Office of the Commissioner on the reporting date of the
				annual statement as provided by law.
(4) If a report shows a failure to comply
				with paragraph (1) of this Rule regarding collected amounts, the insurer shall
				use the percentages specified under paragraph (5) of Rule
				120-2-41-.04 for one (1) year
				following the reporting date specified in paragraph (3) of this Rule upon all
				policies issued or renewed under such rating plan, unless the insurer files new
				rates for such rating plan which, under such submission, will achieve
				compliance. Additionally, a failure to file new rates shall be analyzed for a
				failure to comply with paragraphs (1) through (6) of O.C.G.A. Section
				33-9-4.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.06 - Regulation Not Applicable

Current through Rules and Regulations filed through June 27, 2024
This Regulation shall not apply to:
(a) automobile insurance rating plans based
				on the driving record of insured drivers;
(b) retrospective rating plans; or
(c) individual risk filings.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.07 - Limitations on Exempted Plans and Modifications

Current through Rules and Regulations filed through June 27, 2024
Plans and modifications not subject to this Regulation or
				  exempted from this Regulation under paragraph (3) of Rule
				  120-2-41-.04 or Rule
				  120-2-41-.06 shall be subject to
				  such limitations as are contained in the rate filing accepted by the
				  Commissioner.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.08 - Plans Considered Withdrawn

Current through Rules and Regulations filed through June 27, 2024
All plans on file with the Commissioner not in compliance
				  with this Regulation will be considered withdrawn as of the effective date of
				  this Regulation. New filings of such plans will be subject to prior
				  approval.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.09 - Penalties

Current through Rules and Regulations filed through June 27, 2024
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.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.10 - Severability

Current through Rules and Regulations filed through June 27, 2024
If any provision of this Regulation, or the application
				  thereof to any person or circumstance, is held invalid by a court of competent
				  jurisdiction, the remainder of the Regulation or the applicability of such
				  provision to the persons or circumstances shall not be
				  affected.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-41 - MODIFICATIONS TO CLASSIFICATIONS OF RISKS › Rule 120-2-41-.11 - Effective Date

Current through Rules and Regulations filed through June 27, 2024
This Regulation shall become effective January 1,
				  1988.
O.C.G.A. Sec.
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-42 - READABILITY STANDARDS FOR PERSONAL LINES POLICIES › Rule 120-2-42-.01 - Statutory Authority

Current through Rules and Regulations filed through June 27, 2024
This Regulation is made and promulgated by the Commissioner
				  of Insurance pursuant to the authority set forth in O.C.G.A. Sections
				  33-2-9 and
				  33-3-25.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-25.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-42 - READABILITY STANDARDS FOR PERSONAL LINES POLICIES › Rule 120-2-42-.02 - Purpose

Current through Rules and Regulations filed through June 27, 2024
The purpose of this Regulation is to establish minimum
				  standards of readability for homeowners insurance policies, tenant homeowners
				  insurance policies, and personal automobile insurance
				  policies.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-25.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-42 - READABILITY STANDARDS FOR PERSONAL LINES POLICIES › Rule 120-2-42-.03 - Definitions

Current through Rules and Regulations filed through June 27, 2024
(1) "Commissioner"
				means the Commissioner of Insurance of this State.
(2) "Form" means a separately titled or
				numbered form which forms a part of a policy.
(3) "Insurer" means any property or casualty
				insurer licensed to do business in this State.
(4) "Policy" means an insurance contract of
				homeowners, tenant homeowners, or personal automobile insurance delivered or
				issued for delivery in this State.
(5) "Regulation" shall mean Chapter 120-2-42
				of the Rules and Regulations of the Georgia Insurance Department.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-25.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-42 - READABILITY STANDARDS FOR PERSONAL LINES POLICIES › Rule 120-2-42-.05 - Applicability

Current through Rules and Regulations filed through June 27, 2024
This Regulation shall be applicable to all policies delivered
				  or issued for delivery in this State.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-25.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-42 - READABILITY STANDARDS FOR PERSONAL LINES POLICIES › Rule 120-2-42-.06 - Filings

Current through Rules and Regulations filed through June 27, 2024
Filings subject to this Regulation shall be accompanied by a
				  certificate signed by an officer of the insurer stating that it meets the
				  minimum reading ease score on the test used or stating that the score is lower
				  than the minimum required but should be approved in accordance with
				  subparagraph (g) of Rule
				  120-2-42-.04. To confirm the
				  accuracy of any certification, the Commissioner may require the submission of
				  further information to verify the certification in question.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-25.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-42 - READABILITY STANDARDS FOR PERSONAL LINES POLICIES › Rule 120-2-42-.07 - Implementation Dates

Current through Rules and Regulations filed through June 27, 2024
All new and renewal policies with effective dates on or after
				  July 1, 1988, shall comply with this Regulation. For purposes of this
				  Regulation, continuous policies shall be deemed to be renewed at the six-month
				  anniversary date next following this implementation date.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-25.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-42 - READABILITY STANDARDS FOR PERSONAL LINES POLICIES › Rule 120-2-42-.08 - Penalties

Current through Rules and Regulations filed through June 27, 2024
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.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-25.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-42 - READABILITY STANDARDS FOR PERSONAL LINES POLICIES › Rule 120-2-42-.09 - Severability

Current through Rules and Regulations filed through June 27, 2024
If any provision of this Regulation or the application
				  thereof to any person or circumstance is held invalid by a court of competent
				  jurisdiction, the remainder of the Regulation or the applicability of such
				  provision to other persons or circumstances shall not be
				  affected.
O.C.G.A. Secs.
				  33-2-9,
				  33-3-25.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-43 - MEDICAL OR LIFE-STYLE QUESTIONS ON APPLICATIONS AND UNDERWRITING GUIDELINES AFFECTING AIDS AND ARC › Rule 120-2-43-.01 - Purpose

Current through Rules and Regulations filed through June 27, 2024
The purpose of this Rule is to establish standards pursuant
				  to O.C.G.A. Sections
				  33-2-9 and
				  31-22-9.2 to assist insurers to
				  formulate and design medical or life-style questions in applications and
				  underwriting standards affecting health and life insurance
				  coverages.
O.C.G.A. Secs.
				  31-22-9.2,
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-43 - MEDICAL OR LIFE-STYLE QUESTIONS ON APPLICATIONS AND UNDERWRITING GUIDELINES AFFECTING AIDS AND ARC › Rule 120-2-43-.02 - Questions on Applications

Current through Rules and Regulations filed through June 27, 2024
(1) Questions relating to medical and other
				factual material intended to reveal the possible existence of a medical
				condition are permissible if they are not used as a proxy to establish the
				sexual orientation of the applicant, and the applicant has been given an
				opportunity to provide an explanation for any affirmative answers given in the
				application. No question may be asked if the purpose of such question is to
				establish the sexual orientation of an applicant.
For example: "Have you had chronic cough, significant weight
				  loss, chronic fatigue, diarrhea, enlarged glands, . . ." These types of
				  questions should be related to a finite period of time, not more than ten
				  years, preceding completion of the application and should be specific. All of
				  the questions above should provide the applicant the opportunity to give a
				  detailed explanation.
(2)
				Questions relating to the applicant having been diagnosed as having or having
				been advised by a member of the medical profession to seek treatment for a
				sexually transmitted disease are permissible.
(3) Neither the marital status, the "living
				arrangements," the occupation, the gender, the medical history, the beneficiary
				designation, nor the zip code or other territorial classification of an
				applicant may be used to establish, or aid in establishing the applicant's
				sexual orientation.
(4) For
				purposes of rating an applicant for health and life insurance, an insurer may
				impose territorial rates, but only if the rates are based on sound actuarial
				principles or are related to actual or reasonably anticipated
				experience.
O.C.G.A. Secs.
				  31-22-9.2,
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-43 - MEDICAL OR LIFE-STYLE QUESTIONS ON APPLICATIONS AND UNDERWRITING GUIDELINES AFFECTING AIDS AND ARC › Rule 120-2-43-.03 - Counseling; Prohibition of Adverse Decisions

Current through Rules and Regulations filed through June 27, 2024
No adverse underwriting decision shall be made because
				  medical records or a report from an insurance support organization shows that
				  the applicant has demonstrated AIDS-related concerns by seeking counseling from
				  health care professionals. This paragraph does not apply to an applicant
				  seeking treatment or diagnosis.
O.C.G.A. Secs.
				  31-22-9.2,
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-43 - MEDICAL OR LIFE-STYLE QUESTIONS ON APPLICATIONS AND UNDERWRITING GUIDELINES AFFECTING AIDS AND ARC › Rule 120-2-43-.04 - Phrasing of Questions

Current through Rules and Regulations filed through June 27, 2024
All underwriting questions must be phrased in such a manner
				  as to elicit a factual response.
For example: A question such as: "Do you have any
				  immunodeficiency disorders?" is too broad and would not be readily understood
				  by an applicant and is not designed to elicit a factual answer. An insurer can
				  ask for specific immunodeficiency disorders.
Questions such as: "Have you ever been diagnosed as having
				  AIDS or ARC?" or "Have you tested positive on an AIDS-related blood test?" are
				  also acceptable. An applicant may not be turned down due to a single positive
				  test which is not a complete established test protocol unless the applicant
				  fails to give his written consent to further testing.
Questions such as: "Have you ever been exposed to AIDS or
				  ARC?" or "Have you ever had or been told you had AIDS Related Conditions?" are
				  not acceptable due to the vagueness of the words "exposed" and
				  "conditions."
O.C.G.A. Secs.
				  31-22-9.2,
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-43 - MEDICAL OR LIFE-STYLE QUESTIONS ON APPLICATIONS AND UNDERWRITING GUIDELINES AFFECTING AIDS AND ARC › Rule 120-2-43-.05 - Prohibition of Benefits Reduction

Current through Rules and Regulations filed through June 27, 2024
(1) No health insurance policy, individual or
				group, may contain a provision which excludes expenses due to AIDS or ARC or
				places lower limits on the benefits available if the insured is being treated
				for AIDS or ARC under the policy. "Limits" would include, but not be limited
				to, reduced lifetime benefit caps, lower coinsurance percentages and shorter
				benefit periods.
(2) Reduction
				riders excluding or limiting coverage for AIDS or ARC must be restricted to a
				preexisting condition only of a specified insured.
O.C.G.A. Secs.
				  31-22-9.2,
				  33-2-9.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-44 - PREFERRED PROVIDER ARRANGEMENTS › Rule 120-2-44-.01 - Authority

Current through Rules and Regulations filed through June 27, 2024
This Chapter is promulgated by the Commissioner of Insurance
				  pursuant to the authority set forth in O.C.G.A §§
									33-30-27,
				  33-29-3.2,
				  33-29-3.4 and
				  33-2-9.
O.C.G.A. Secs.
				  33-2-9,
				  33-30-27.
Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-44 - PREFERRED PROVIDER ARRANGEMENTS › Rule 120-2-44-.02 - Purpose

Current through Rules and Regulations filed through June 27, 2024
The purposes of this Chapter are:
(a) To regulate individual and group accident
				and sickness insurance plans, providing for differentials in benefit levels
				payable for preferred and non-preferred providers.
(b) To protect the interests of the enrolled
				public.
(c) To provide for
				disclosure of certain restrictions under individual and group insurance plans
				utilizing preferred provider arrangements.
(d) To define certain types of managed care
				principles and practices as they relate to current Preferred Provider
				Arrangements and individual or group accident and sickness contracts.
O.C.G.A. Secs.
				  33-2-9,
				  33-30-27.