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 120-2-2 - PRACTICE AND PROCEDURE
Rule 120-2-2-.24 - Settlement and Alternative Dispute Resolution
Current through Rules and Regulations filed through September 23, 2024
1. Availability. The parties may have the opportunity to submit a settlement to the Adjudicator or submit a request for alternative dispute resolution under Rule 120-2-2-.24(4).
2. Form. A settlement must be in the form of a proposed settlement agreement, a consent order, and a motion for its entry, which must include the reasons it should be accepted and must be signed by the consenting parties or their authorized representatives.
3. Content of Settlement Agreement. The proposed settlement agreement must contain the following:
4. Settlement Adjudicator; Alternative Dispute Resolution.
5. The Adjudicator (or Settlement Adjudicator) may require that the attorney or other representative of each party be present and that the parties, or agents having full settlement authority, also be present or available by telephone.
6. None of the following is admissible in evidence-on behalf of any party-either to prove or disprove the validity or amount of a disputed claim or to impeach by a prior inconsistent statement or a contradiction:
7. The Adjudicator (or Settlement Adjudicator) may impose on the parties and persons having an interest in the outcome of the Adjudication such other and additional requirements as are necessary for the efficient resolution of the case, consistent with Agency precedent.
8. The conduct of settlement negotiations must not unduly delay the adjudication.
O.C.G.A. § 33-2-9et seq.