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 120-2-12 - ADVERTISING ACCIDENT AND SICKNESS INSURANCE
Rule 120-2-12-.09 - Necessity for Disclosure of Policy Provisions Relating to Renewability, Cancellability and Termination
Universal Citation: GA Rules and Regs r 120-2-12-.09
Current through Rules and Regulations filed through March 20, 2024
1. Any advertisement of a policy or plan of benefits contained therein must not imply that the policy or plan is guaranteed renewable at the discretion of the insured unless the renewability of such policy or plan of benefits is, in fact, guaranteed.
2. Any advertisement which refers to:
(a) dollar amounts,
(b) periods of time for which any benefit is
payable,
(c) costs of the
policy,
(d) specific policy
benefits,
(e) loss or losses for
which benefits are payable,
(f)
time or age limitations,
(g) or any
other limiting or qualifying conditions in connection with eligibility of
applicants or continuation of the policy, renewability, cancellability or
termination, shall clearly, prominently and conspicuously disclose said
provisions and any modification, cancellation or termination of benefits, of
losses covered, or of premiums, which may occur (because of age or for other
reasons), in a manner which shall not minimize or render obscure the qualifying
conditions.
Ga. L. 1960, pp. 289 to 755.
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