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 120-2-28 - GEORGIA MOTOR VEHICLE ACCIDENT REPARATIONS ACT
Rule 120-2-28-.05 - Minimum Insurance Coverage Required: Filing of Rates and Forms

Universal Citation: GA Rules and Regs r 120-2-28-.05

Current through Rules and Regulations filed through March 20, 2024

(1) No insurer transacting motor vehicle liability insurance in this State shall offer, or cause to be offered, or sold, any new or renewal policy of motor vehicle liability insurance with a policy term of less than six (6) months and any policy of motor vehicle liability insurance coverage in an amount less than that required by the Motor Vehicle Safety Responsibility Act (O.C.G.A. §§ 40-9-1et seq.), in the amounts as follows:

(a) Damage for liability on account of accidents of not less than $15,000 because of bodily injury or death of one person in any one accident; and subject to such limit for one person, to a limit of not less than $30,000 because of bodily injury or death to two (2) or more persons in any one accident; and $10,000 because of injury to or destruction of property of others in any one accident, including its loss of use.

(2) Each policy of motor vehicle liability insurance shall be deemed to contain a provision to provide that the requirement for giving notice of a claim may be satisfied by an injured third party if all the following conditions are satisfied:

(a) the insured has not given notice to the insurer within thirty (30) days of the accident.

(b) the injured third party has a claim against the insured as a result of the accident; and

(3) Each insurer transacting motor vehicle liability insurance in this State shall file proposed policy forms, endorsements, manuals, rates and rating plans with the Commissioner for his or her approval as is required by law.

O.C.G.A. Secs. 33-2-9, 33-34-1et. seq., 33-34-11.

Disclaimer: These regulations may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.