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-.07 - Application for Membership to a Fund
Universal Citation: GA Rules and Regs r 120-2-34-.07
Current through Rules and Regulations filed through September 23, 2024
(1) Each application for a Certificate of Authority shall be accompanied, for each member of the Fund, by a separate Form GSF-3 or a comparable form containing the same information as the GSF-3, entitled "Application for Membership in Group Self-Insurance Fund."
(2) After the Fund has been granted a Certificate of Authority, it may add new members in the following manner:
(a) By submitting underwriting criteria to the Department in accordance with O.C.G.A. §
34-9-155 and having the criteria approved by the Department; or
(b) By submitting a Form GSF-3 fifteen (15) days prior to the effective date of coverage; and
(c) For Funds that have a potential member which does not meet their approved underwriting criteria, they may submit a GSF-3 and ask for specific approval of the new member.
(3) Any new member application submitted on or after the proposed effective date of coverage will automatically be rejected for lack of timely submission.
Ga. L. 1960, pp. 289, 305; Ga. L. 1981, pp. 1759, 1778; O.C.G.A. Secs. 33-2-9, 34-9-155, 34-9-174.
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