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 120-2-47 - RULES AND REGULATIONS FOR VEHICLE AND AUTOMOBILE CLUB SERVICE CONTRACTS
Rule 120-2-47-.05 - Filing Requirements
Universal Citation: GA Rules and Regs r 120-2-47-.05
Current through Rules and Regulations filed through September 23, 2024
(1) In order to issue, sell, or offer for sale a service contract in this state:
(a) The service contract must not be unduly restrictive, ambiguous, inequitable, misleading or unreadable by a person with normal vision;
(b) The service contract must comply with any general or specific filing requirement published by the Commissioner;
(c) The provider's reimbursement insurance policy must be filed with and accepted by the Commissioner; and
(d) The rates for the reimbursement insurance policy must conform to the requirements of O.C.G.A. Title 33 Chapter 9.
(2) In order to issue, sell, or offer for sale a vehicle service contract in this state:
(a) A true and correct copy of the vehicle service contract must be filed and accepted by the Commissioner; and
(b) The rates charged for the vehicle service contract reimbursement insurance policies must be filed with the Commissioner by the insurer issuing vehicle service contract reimbursement insurance policies.
O.C.G.A. Secs. 33-2-9, 33-7-6.
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