Subject 120-2-25 EXEMPTION FROM FILING CERTAIN LIFE AND HEALTH POLICY FORMS
This Regulation is made and promulgated by the undersigned Insurance Commissioner pursuant to authority set forth in Section 33-2-9; Chapter 33-6; and Chapter 33-24 of the Georgia Code Annotated.
The purpose of this Regulation is:
|1.||To provide for the exemption of filing certain Life and Accident and Sickness Policy Forms and Annuity Contract Forms with the Office of the Insurance Commissioner.|
|2.||To maintain a system of filing to best protect the interests of the insurance public by establishing clear and reasonable guidelines to review Life and Accident and Sickness Policy Forms and Annuity Contract Forms for the purpose of reducing misrepresentation, unfair methods of competition and unfair practices.|
All basic Life and Accident and Sickness Policy Forms and Annuity Contract Forms, including Application Forms, where written application is required and is to be made a part of the policy or contract, and printed rider or endorsement forms, or form of renewal certificate not specifically exempted by this Regulation, must be filed in compliance with Section 33-24-9 of the Georgia Code Annotated.
|1.|| On or before March 1, 1972, all insurers
writing Life and Accident and Sickness Insurance Policies or Annuity Contracts
in this State, shall file with this Office a List of all basic insurance
policies and annuity contract forms, including applications, where written
applications are required and are to be made a part of the policy or contract,
and printed rider or endorsement forms, and all other such forms available for
use as of December 31, 1971 in connection with such basic policies and
contracts and which are exempted from filing under this Regulation.
|2.||ANNUAL FILINGS must be made in accordance with instructions given above. On or before March 1, 1973, and annually thereafter, filings must be submitted listing all forms available for use in Georgia as of December 31st of the preceding year. This listing shall include all additions or deletions made during the calendar year, with date of such addition or deletion.|
|3.|| On or
before March 1, 1972, all insurers writing Life and Accident and Sickness
Insurance Policies and Annuity Contracts in this State shall file with this
Office a List of such forms and contracts, including Application Forms where
written application is required to be made a part of the Policy or Contract,
and Printed Rider or Endorsement Forms, and all other forms used in connection
with such policies and contracts available for use as of December 31, 1971, and
WHICH ARE NOT EXEMPTED from filing by this Regulation.
|4.||In addition, an up-to-date List shall be maintained by the insurer of all Exempt and Non-Exempt Forms, which shall be available to the Commissioner upon request at any time.|
|5.||Forms and documents exempted by this Regulation are not to be submitted to this Office unless specifically requested.|
On and after the effective date of this Regulation, and continuing until further Order of the Commissioner, the following policies and contract forms are hereby exempted from filing under the provisions of Section 33-24-9 of the Georgia Code Annotated:
|1.|| Group Life Exemptions
(Not including Credit Life)
|2.|| Individual Policy Exemptions - Ordinary
Accident and Health Exemptions
|4.|| Blanket Accident and Health Exemptions
Any insurer, or any officer, agent or employee of any insurer failing to comply with the requirements of this Regulation shall be subject to such penalties as authorized by Title 33 of the Georgia Code Annotated, and the Rules and Regulations promulgated thereunder.
This Regulation shall become effective January 1, 1972.