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 120-2-10 - REGULATIONS REGARDING INSURANCE CONTRACT
Rule 120-2-10-.14 - Penalties

(1) Violation of these regulations by an insurer or by an officer of an insurer shall be deemed grounds for revocation of the insurer's certificate of authority as provided in Section 33-3-17(2) of the Georgia Insurance Code, which shall be in addition to any other penalty provided by statute.

(2) Violation of these regulations by an agent, counselor, broker, solicitor or other representative of an insurer shall be deemed to be a fraudulent and dishonest practice, a material misrepresentation, an unfair method of competition and unfair and deceptive acts and practices in the business of insurance furnishing grounds for the revocation of his license.