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 120-2-89 - SURPLUS LINES INSURANCE REGULATION
Rule 120-2-89-.03 - Delivery of Standard Disclosure Brochure
Universal Citation: GA Rules and Regs r 120-2-89-.03
Current through Rules and Regulations filed through September 23, 2024
Pursuant to Code Section 33-5-26(b), no surplus lines policy or certificate with an annual premium of $5,000.00 per annum or less, shall be delivered in this state without being accompanied by a standard form explaining surplus lines insurance.
(a) The standard form referred to in this Section shall be identical in format and content to the document attached hereto as Appendix A.
(b) It shall be the responsibility of the licensed surplus lines broker to ensure that a copy of the standard disclosure brochure is delivered to the policyholder with the policyholder's copy of the policy.
O.C.G.A. Secs. 33-2-9, 33-5-26.
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