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 120-2-27 - CREDIT LIFE AND CREDIT ACCIDENT AND SICKNESS INSURANCE FORMS
Rule 120-2-27-.15 - Annual Experience Reports
Current through Rules and Regulations filed through September 23, 2024
(1) Each insurer authorized to transact credit insurance in this state shall compile and maintain a complete file containing adequate detailed statistical information and supporting data which shall be sufficient to indicate to the Commissioner of Insurance or to his authorized representative such insurer's loss experience in Georgia for each line of credit insurance which such insurer transacts in this state and which shall be sufficient to indicate such insurer's compliance with the requirements of this regulation.
(2) The file required to be maintained by the insurer under subsection (1) of this rule and its contents shall be maintained in a manner suitable and readily available for inspection by the Office of Commissioner of Insurance and shall be maintained by such insurer for a period of not less than five (5) years.
O.C.G.A. Secs. 33-2-9, 33-31-12.
