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 120-2-66 - PROHIBITED CRITERIA FOR RESIDENTIAL PROPERTY UNDERWRITING GUIDELINES
Rule 120-2-66-.02 - Definitions
Current through Rules and Regulations filed through September 23, 2024
For the purpose of this Regulation Chapter, the following definitions shall apply:
(a) "Commissioner" shall mean the Commissioner of Insurance of the State of Georgia.
(b) "Policy" or "policies" shall mean any policy issued to a natural person or persons as the named insured which provides coverage for residential property at a specifically described location. The term "policy" shall include but not be limited to homeowner's, dwelling fire, manufactured housing, tenant, condo-unit owners and farmowners policies.
(c) "Underwriting guidelines" shall mean the written, oral or electronic statements, guidelines, or criteria of an insurer which describe the standards used by an insurer to determine whether to issue a policy, decline to issue a policy, nonrenew a policy, discontinue or cancel a policy or restrict coverages provided by a residential property policy issued to persons residing in this State.
O.C.G.A. Secs. 33-2-9, 33-6-5, 33-6-12, 33-24-46.
