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-.04 - Definitions
Current through Rules and Regulations filed through March 20, 2024
(1) "Administrator" means the Plan Administrator for the State of Georgia.
(2) "Commissioner" means the Commissioner of Insurance of the State of Georgia.
(3) "Carrier" or "Insurer" means any insurance Company authorized to write workers' compensation benefits in the State of Georgia.
(4) "Assigned Carrier" means a carrier to whom a workers' compensation insurance application made under the provisions of this Regulation has been assigned.
(5) "Servicing Carrier" means a carrier, other than a Direct Assignment Carrier, which is charged with issuing and servicing the workers' compensation insurance policy for Risks assigned under the provisions of this Regulation.
(6) "Direct Carrier" or Direct Assignment Carrier" means a carrier, other than a Servicing Carrier, that has elected and been authorized to receive, through direct assignment, without participation in the Pool, workers' compensation insurance policies assigned under the provisions of this Regulation.
(7) "Pool" means the National Workers' Compensation Reinsurance Pool.
(8) "Licensed Producer" means a person properly licensed to negotiate or sell workers' compensation insurance in the State of Georgia.
(9) "Plan" means the Georgia Workers' Compensation Assigned Risk Insurance Plan.
(10) "Rejections" or "Declinations" means written refusals from four Insurers duly authorized to write workers' compensation insurance in State of Georgia, or where the Licensed Producer for the Applicant confirms, in writing, to the four Insurers a refusal to insure the applicant.
(11) "Risk" means an insured to which the Plan applies.
(12) "Group 1" means Risks which have insufficient prior workers' compensation experience to be experience rated.
(13) "Group 2" means Risks which are not Group 1 or Group 3 Risks.
(14) "Group 3" mens Risks which have an experience rating modification greater than 1.0.
(15) "Involuntary Rates" means Plan rates.
O.C.G.A. Secs. 33-2-9, 33-9-20, 33-9-21, 34-9-133.
