Ga. Comp. R. & Regs. R. 120-2-49-.02 - Scope and Purpose

(1) This Regulation applies to any administrator as defined in O.C.G.A. Section 33-23-100.

(2) The purposes of this Regulation include

(a) Providing disclosure of contracts between insurers and third party administrators, both to potential insureds and to the Commissioner;

(b) Promoting the financial responsibility of insurance administrators;

(c) Subjecting those business entities defined in O.C.G.A. § 33-23-100 to the jurisdiction of the Commissioner of Insurance; and

(d) Regulating insurance administrators' practices in conformity with the general purposes of the Georgia Insurance Code.

Notes

Ga. Comp. R. & Regs. R. 120-2-49-.02

O.C.G.A. Secs. 33-2-9, 33-23-100et seq., 33-23-105.

Original Rule entitled "Scope and Purpose of Regulation" adopted. F. May 19, 1993; eff. June 8, 1993. Amended: F. Sept. 15, 1993; eff. Oct. 5, 1993. Repealed: New Rule entitled "Scope and Purpose" adopted. F. June 10, 1997; eff. June 30, 1997. Repealed: New Rule of same title adopted. F. Dec. 9, 2005; eff. Dec. 29, 2005.