Ga. Comp. R. & Regs. R. 120-2-8-.21 - Appropriateness of Recommended Purchase and Excessive Insurance

(1) In recommending the purchase or replacement of any Medicare supplement policy or certificate an agent shall make reasonable efforts to determine the appropriateness of a recommended purchase or replacement.

(2) Any sale of a Medicare supplement policy or certificate that will provide an individual more than one Medicare supplement policy or certificate is prohibited.

(3) An issuer shall not issue a Medicare supplement policy or certificate to an individual enrolled in Medicare Part C unless the effective date of the coverage is after the termination date of the individual's Part C coverage.

Notes

Ga. Comp. R. & Regs. R. 120-2-8-.21

O.C.G.A. Secs. 33-2-9, 33-43-3, 33-43-4, 33-43-5, 33-43-6.

Original Rule entitled "Effective Date" adopted. F. Sept. 18, 1990; eff. Dec. 1, 1990, as specified by the Agency. Repealed: New Rule entitled "Reporting of Multiple Policies" adopted. F. Jul. 9, 1992; eff. July 29, 1992. Amended: ER. 120-2-8-0.4-.21 adopted. F. Apr. 30, 1996; eff. Apr. 28, 1996, as specified by the Agency. Amended: Permanent Rule adopted. F. Sept. 6, 1996; eff. Sept. 26, 1996. Repealed: New Rule entitled "Appropriateness of Recommended Purchase and Excessive Insurance" adopted. F. Apr. 7, 1999; eff. Apr. 27, 1999. Repealed: New Rule of same title adopted. F. Aug. 19, 2005; eff. Sept. 8, 2005. Amended: ER. 120-2-8-0.22-.21 of same title adopted. F. May 29, 2009; eff. June 1, 2009, as specified by the Agency. Amended: Permanent Rule of same title adopted. F. Sept. 3, 2009; eff. Sept. 23, 2009.