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 120-2-34 - GROUP SELF-INSURANCE FUNDS
Rule 120-2-34-.05 - Application for Certificate of Authority
Current through Rules and Regulations filed through September 23, 2024
Each application for an original Certificate of Authority shall be made on Form GSF-1, entitled "Application for Certificate of Authority for Group Self-Insurance Fund." The application must be accompanied by all stipulated documents including, but not limited to: GSF-1, GSF-5, GSF-6, GSF-7 and GSF-11 as well as the required, non-refundable filing fee specified in O.C.G.A. § 33-8-1 and adhere to the following conditions:
(a) Conditional on acceptance of the Fund under previous section.
(b) The Commissioner's decision on "Notice of Intent" is not binding on the "Certificate of Authority."
(c) The application must be submitted within ninety (90) days of the first signed intrastate agreement.
(d) If the application is not filed within six (6) months of the acceptance of the "Notice of Intent," the Commissioner's acceptance of the "Notice of Intent" is withdrawn.
(e) The Commissioner has ninety (90) days, from the date the application is received, to accept or reject the application.
(f) No application for a Certificate of Authority shall be deemed complete until all information requested, whether of any member, trustee or administrator of the Fund, or of the Fund itself, is provided to the Commissioner.
Ga. L. 1960, pp. 289, 305; Ga. L. 1981, pp. 1759, 1778; O.C.G.A. Secs. 33-2-9, 34-9-174.
