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 120-2-103 - CERTIFICATES OF INSURANCE
Rule 120-2-103-.06 - Requirements
Current through Rules and Regulations filed through September 23, 2024
Insurers shall provide to their producers written instructions clearly outlining the insurer's procedures and each party's responsibilities for issuing and servicing certificates. These instructions shall include but not be limited to:
(a) The procedure for issuing notice of cancellation to certificate holders when such notice is required by the insurance contract or statute.
(b) The procedure for retaining copies of all certificates issued by or on the behalf of the insurer by the producer. Retention or providing of copies may be done electronically.
(c) The procedure to monitor certificates to ensure they have been issued in compliance with the insurer's procedures, applicable statute and this regulation.
O.C.G.A. § 33-2-9 and 33-24-19.1(b).
