Ga. Comp. R. & Regs. R. 120-2-50-.03 - Disclosure
Any person who advertises, solicits, sells, transacts, or administers coverage, or who in any manner secures, helps or aids in the placing or administration of coverage with any multiple employer self-insured plan in Georgia shall prominently disclose in writing to every participating employer, covered employee, and employer being solicited for participation, in a form to be filed with and approved by the Commissioner at the time of licensing, the following: that the plan is a self-insured plan and that benefits are not guaranteed by a licensed insurer; that the plan is not covered by the Georgia Life and Health Guaranty Association which provides protection to Georgia residents from insolvent insurers; and that certain other major protections offered to Georgia residents under the Georgia Insurance Code and Rules and Regulations, such as conversion rights and certain mandated or required benefits, may not be available through the multiple employer self-insured plan.
Notes
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