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 120-2-77 - LARGE COMMERCIAL INSURANCE RISK RATING
Rule 120-2-77-.04 - Determining Premium Threshold
Universal Citation: GA Rules and Regs r 120-2-77-.04
Current through Rules and Regulations filed through September 23, 2024
(1) When determining annual premium threshold, all premiums shall be calculated by the use of filed manual rates or rating systems including all objective discounts (credits) or surcharges (debits), but not including any discretionary rating.
(2) When determining the thresholds referred to in Section 120-2-77-.03(2)(d)(i) and (ii), the following premiums shall be excluded:
(a) premiums written by unauthorized insurers;
(b) primary and/or excess workers compensation premiums, including all premiums derived from policies which lawfully satisfy O.C.G.A. §
34-9-1et seq.;
(c) premiums from any type of coverage which lawfully utilizes uncontrolled rates including certain inland marine, ocean marine, and aviation;
(d) employee benefits premiums;
(e) premiums from errors and omissions coverages including medical malpractice;
(f) accident and sickness premiums; and
(g) any premiums for coverage provided by residual market mechanisms.
O.C.G.A. Secs. 33-2-9, 33-9-3, 33-9-4.
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