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 120-2-38 - GEORGIA WORKERS' COMPENSATION ASSIGNED RISK INSURANCE PLAN
Rule 120-2-38-.02 - Purpose
Current through Rules and Regulations filed through September 23, 2024
The purpose of this Regulation is:
(a) to approve a workers' Compensation insurance plan which will provide a method for the apportionment on a pro rata basis, among all Insurers writing insurance providing workers' compensation benefits, of any rejected workers' compensation application, including vendors who provide logging services to a named insured or covering an association of such vendors;
(b) to establish separate categories of risk rejected for: insufficient prior workers' compensation experience, factors other than workers' compensation loss experience, and poor workers' compensation experience;
(c) to provide for operating procedures to implement the Plan; and
(d) to authorize an Administrator to administer the workers compensation insurance plan approved in this Regulation.
O.C.G.A. Secs. 33-2-9, 33-9-20, 33-9-21, 34-9-133.
