Ga. Comp. R. & Regs. R. 120-2-49-.15 - Notification Required

(1) Where the services of an administrator are utilized, the administrator shall provide a written notice approved by the insurer, or self-insurer, to insured or self-insured individuals, advising them of the identity of and relationship among the administrator, the group policyholder and the insurer or self-insurer. Where an administrator collects funds, it must identify and state separately in writing to the person paying to the administrator any charge or premium for insurance coverage or self-funded benefits, the amount of any such charge or premium specified by the insurer or self-insurer for such insurance coverage or self-funded benefits.

(2) Each administrator shall identify to the Commissioner any ownership interest or affiliation of any kind with any insurance company responsible for providing benefits directly or through reinsurance to any plan for which the administrator provides administrative services.

Notes

Ga. Comp. R. & Regs. R. 120-2-49-.15

O.C.G.A. Secs. 33-2-9, 33-23-100et seq., 33-23-104, 33-23-105

Original Rule entitled "Notification Required" adopted. F. May 19, 1993; eff. June 8, 1993. Amended: F. June 10, 1997; eff. June 30, 1997. Repealed: New Rule of same title adopted. F. Dec. 9, 2005; eff. Dec. 29, 2005.