Ga. Comp. R. & Regs. R. 120-2-11-.03 - Definitions
For the purpose of these Regulations:
(1) "Commissioner" shall mean the Insurance
Commissioner of the State of Georgia.
(2) "Policy" shall include any policy, plan,
certificate, contract, agreement, statement of coverage, rider or endorsement
which provides for life insurance or annuity benefits.
(3) "Insurer" shall include any individual,
corporation, association, partnership, or any other legal entity which is
defined as an "insurer" in the Georgia Insurance Code or issues life insurance
or annuity contracts for delivery in this State.
(4) "Advertisement" shall be verbal, printed,
written or other material or communication of any type from any source which is
designed to create or has the effect of creating public interest in life
insurance, annuities or in an insurer, agent or counselor, or induces or tends
to induce the public to purchase, increase, modify, reinstate, surrender or
retain a policy including, but not limited to:
(a) printed and/or published material,
audiovisual material, mailing envelopes, descriptive literature used by an
insurer in direct mail, newspapers, magazines, radio and television scripts,
billboards or similar displays;
(b)
descriptive literature and sales aids of all kinds issued, distributed or used
by an insurer, agent or counselor, including but not limited to circulars,
leaflets, booklets, depictions, illustrations, and form letters, including the
use of pamphlets, brochures, books or portions thereof, authored by third
parties;
(c) materials, statements
or communications of any type used for the recruitment, training, and education
of an insurer's sales personnel and agents which are designed to be used or are
used to induce the public to purchase, increase, modify, reinstate, surrender
or retain a policy; and
(d)
prepared or extemporaneous sales talks, presentations, and material for use or
used by sales personnel, agents or counselors.
(5) "Advertisement" for the purpose of these
rules shall not include:
(a) communications or
materials used within an insurer's own organization and not disseminated to the
public.
(b) communications with
policyholders other than material urging policyholders to purchase, increase,
modify, reinstate, surrender or retain a policy.
(c) a general announcement from a group or
blanket policyholder to eligible individuals on an employment or membership
list that a policy or program has been written or arranged; provided the
announcement clearly indicates that it is preliminary to the issuance of a
booklet explaining the proposed coverage.
Notes
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