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 120-2-48 - GROUP COORDINATION OF BENEFITS
Rule 120-2-48-.02 - Purpose and Applicability
Universal Citation: GA Rules and Regs r 120-2-48-.02
Current through Rules and Regulations filed through September 23, 2024
The purpose of this Regulation is to:
(a) Permit, but not require, plans to include a coordination of benefits (COB) provision;
(b) Establish an order in which plans pay their claims;
(c) Provide the authority for the orderly transfer of information needed to pay claims promptly;
(d) Reduce duplication of benefits by permitting a reduction of the benefits paid by a plan when the plan, pursuant to rules established by this Regulation, does not have to pay its benefits first;
(e) Reduce claims payments delays; and
(f) Make all contracts that contain a COB provision consistent with this Regulation.
O.C.G.A Sec. 33-2-9.
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