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 120-2-49 - ADMINISTRATOR REGULATION
Rule 120-2-49-.02 - Scope and Purpose
Universal Citation: GA Rules and Regs r 120-2-49-.02
Current through Rules and Regulations filed through September 23, 2024
(1) This Regulation applies to any administrator as defined in O.C.G.A. Section 33-23-100.
(2) The purposes of this Regulation include
(a) Providing disclosure of contracts between insurers and third party administrators, both to potential insureds and to the Commissioner;
(b) Promoting the financial responsibility of insurance administrators;
(c) Subjecting those business entities defined in O.C.G.A. §
33-23-100 to the jurisdiction of the Commissioner of Insurance; and
(d) Regulating insurance administrators' practices in conformity with the general purposes of the Georgia Insurance Code.
O.C.G.A. Secs. 33-2-9, 33-23-100et seq., 33-23-105.
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