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 120-2-107 - INSURANCE WRITTEN IN CONNECTION WITH LOANS UNDER THE GEORGIA INSTALLMENT LOAN ACT
Rule 120-2-107-.09 - Insurance Claims Register

Current through Rules and Regulations filed through March 20, 2024

Each licensee of the Georgia Installment Loan Act shall maintain on a daily basis an insurance claims register. There shall be recorded on this register, with respect to any and all claims against insurance sold in connection with a loan made under the provisions of the Georgia Installment Loan Act, the loan account number, the name of the borrower/insured, the type of claim filed, the date of loss, the amount of claim, the date the claim was filed with the insurer, the date the claim was paid, the amount of the claim payment and the name and address of the person or entity to whom the proceeds of the claim payment were disbursed. In addition to the foregoing information, if a claim is filed against credit life insurance coverage, the date of the insured's death shall be shown on the insurance claims register. In addition to the foregoing information, if a claim is filed against credit life insurance coverage, the date of the insured's death shall be shown on the insurance claims register. In addition to the foregoing information, if a claim is filed against credit accident and sickness insurance coverage, the number of days for which the disability claim is filed shall be recorded on the insurance claims register. Register will include all denied claims and all paid claims.

O.C.G.A. §§ 33-2-9, 7-3-11(3).

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