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 120-2-81 - INDIVIDUAL HEALTH INSURANCE ASSIGNMENT SYSTEMS
Rule 120-2-81-.12 - Initial Premium
Universal Citation: GA Rules and Regs r 120-2-81-.12
Current through Rules and Regulations filed through September 23, 2024
A participating health insurer or managed care organization may require payment for any retroactive periods of coverage commencing with the date of a qualifying event as part of the initial premium in order to effectuate coverage. However, such initial premium shall not exceed the sum total of such retroactive payment, a pro-rated premium for the remaining month, and the next full calendar month if a monthly payment mode is selected.
O.C.G.A. Secs. 33-2-9, 33-29A-1, et seq.
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