Ga. Comp. R. & Regs. R. 120-2-47-.10 - Cancellation of a Reimbursement Insurance Policy
(1) The issuer of a reimbursement insurance
policy or surety bond shall not cancel such policy or bond until a notice of
cancellation in accordance with O.C.G.A. Section
33-24-47has been mailed or
delivered to the Commissioner at the following address:
Office of Commissioner of Insurance
604 West Tower, Floyd Building
#2 Martin Luther King, Jr. Drive
Atlanta, Georgia 30334
and to each insured provider, including but not limited to automobile dealers and third party administrators.
(2) The cancellation of a reimbursement
insurance policy or surety bond shall not reduce the issuer's responsibility
for vehicle service contracts issued by providers prior to the date of
cancellation.
Notes
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