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 120-2-20 - UNFAIR TRADE AND CLAIMS SETTLEMENT PRACTICES › Rule 120-2-20-.01 - Soliciting in General

Current through Rules and Regulations filed through June 27, 2024
It is hereby determined that the commission of any of the
				  following acts or practices by any insurer, agent, counselor, solicitor or
				  broker transacting property, marine, casualty or surety insurance in Georgia
				  constitutes an unfair method of competition and an unfair and deceptive act or
				  practice prohibited by Article 1 of Chapter 6 of Title 33 of the Official Code
				  of Georgia Annotated and the same are hereby prohibited:
(1) Making, publishing, disseminating,
				circulating or placing before the public or any group of persons in written,
				printed, or any other form, including radio or televisions broadcasts, any
				advertisement, announcement, solicitation, or statement pertaining to any form
				of property, marine, casualty or surety insurance which appears to emanate
				from, through or under the auspices of any trade, social, fraternal or
				professional association or organization, creditor to persons severally
				indebted, labor union, employee group, or other similar association,
				organization, or group not authorized to transact the business of such form of
				insurance in Georgia, where such advertisement, announcement, solicitation or
				statement expressly or by implication represents, or can be reasonably
				construed to mislead the recipient into believing, that any insurance premium
				or policy coverage described therein constitutes a special or preferred
				advantage to, or is only available to, such group or any of its members, when
				such representation or implication is false or, if true, would constitute use
				of a discriminatory rate or an offering to a fictitious group, prohibited by
				law.
(2) Knowingly allowing any
				other person to make, publish, disseminate, circulate or place before the
				public or any group of persons any advertisement, announcement, solicitation or
				statement prohibited by the preceding paragraph (1) hereof.
(3) The provisions of this Regulation shall
				not extend to life, accident and sickness insurance, nor shall they apply to
				any bona fide association group composed of members employed in a common trade,
				business or profession, and which has had group insurance of the same type
				continuously in existence for at least since January 1, 1956.
O.C.G.A. Secs.
				  33-2-9,
				  33-6-12.
It was determined by the Comptroller General's office that
					 Chapter 120-2-20 had never been filed, therefore this note is being made to
					 substantiate the recent filing date.
In accordance with Ga. Laws 1967, p. 618; Ga. Code Ann.,
					 Section 3A-124, the contents of this Rule is not filed with or published by the
					 Secretary of State; only names and designations are filed, printed and
					 distributed. (See Editor's Note, p. 88.03.)