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 120-2-15 - REPORTING OF POLICY CANCELLATIONS AND NONRENEWALS
Rule 120-2-15-.02 - Quarterly Reporting
Current through Rules and Regulations filed through March 20, 2024
On or before the first day of February, May, August and November, unless notified by the Commissioner of Insurance to cease prior thereto, and continuing until notified by the Commissioner to cease, all insurance companies doing business in the State of Georgia and issuing policies of property and/or casualty insurance shall file with the Office of Commissioner of Insurance the following information:
(a) The total number of residential property policies cancelled or nonrenewed by the insurer during the preceding quarter together with the reasons for such cancellations and nonrenewals. Provided however, this Regulation Chapter shall not apply to any policy which has been cancelled or nonrenewed due to a failure of the named insured to discharge when due any of his or her obligations in connection with the payment of premium for a policy or any installment thereof.
(b) The information required in subsection (a) shall be submitted in such form as will show the total number of cancellations and nonrenewals together with the reasons for such cancellations and nonrenewals for each type of policy issued. The reasons for cancellations and nonrenewals shall be shown as follows:
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Residential Property |
|
|
(i) |
Undesirable Insured |
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(ii) |
Undesirable Property |
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(iii) |
Credit Report |
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(iv) |
Other (specify) |
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(v) |
Misrepresentation |
O.C.G.A. Secs. 33-2-9, 33-24-44, 33-24-45, 33-24-46, 33-39-1, 33-39-15.
