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 120-2-31 - LIFE INSURANCE SOLICITATION REGULATION
Rule 120-2-31-.02 - Purpose
Universal Citation: GA Rules and Regs r 120-2-31-.02
Current through Rules and Regulations filed through September 23, 2024
(1) The purpose of this regulation is to require insurers to deliver to purchasers of life insurance information which will improve the buyer's ability to select the most appropriate plan of life insurance for his needs, improve the buyer's understanding of the basic features of the policy which has been purchased or which is under consideration and to improve the ability of the buyer to evaluate the relative costs of similar plans of life insurance.
(2) This regulation does not prohibit the use of additional material which is not in violation of this regulation or any other Georgia statute or insurance regulation.
Ga. L. 1960, pp. 289, 305, 394, 395.
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