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-.04 - Written Agreement Necessary

(1) No administrator shall act as such without a written agreement between the administrator and an insurer or self-insurer, and such written agreement shall be retained as part of the official records of an insurer or self-insurer and the administrator for the duration of the agreement and five years thereafter. Such written agreement shall contain provisions which meet the requirements of Rules 120-2-49-.05, 120-2-49-.08, 120-2-49-.09, 120-2-49-.10, 120-2-49-.12, 120-2-49-.13, 120-2-49-.14, and 120-2-49-.15, except insofar as those requirements do not apply to the functions performed by the administrator.

(2) Where a policy is issued to a trustee or trustees, a copy of the trust agreement and any amendments thereto shall be furnished to the insurer or self-insurer by the administrator and shall be retained as part of the official records of both the insurer and the administrator for the duration of the policy and five years thereafter.