Ga. Comp. R. & Regs. R. 120-2-66-.01 - Intent and Purpose
(1) The intent of this Regulation Chapter is
to prohibit insurers from engaging in unfair discrimination due to the
fictitious grouping of risks based on criteria which are not actuarially
supported and shown to be relevant to risk. As such, it is the purpose of this
Regulation Chapter that no insurer shall condition the issuance, renewal or
other continuation of a residential property insurance policy by placing a risk
in a fictious group based on characteristics enumerated herein.
(2) Nothing contained herein is intended to
invalidate actuarially sound rating variables not in conflict with any portion
of O.C.G.A. Title 33.
(3) Nothing
contained herein is intended to limit or diminish the scope of prohibited
underwriting practices found elsewhere in the Georgia Insurance Code or the
Rules and Regulations of the Georgia Insurance Department.
Notes
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