Georgia Rules and Codes Pertinent to Life Insurance Only
An existing Georgia insurer receives a Replacement Notice, and the policyholder neither indicates nor requests a summary. What does the rule require?
Answer and explanation
Answer: A. Rule 120-2-24-.06(4) requires the receiving insurer to keep copies indexed by the notifying insurer, and (5) ties the ten working day policy summary to the policyholder having so indicated or requested. Records are owed either way; the summary follows the request.Source: Ga. Comp. R. & Regs. r. 120-2-24-.06 — 120-2-24-.06(5), If nothing is requested
More georgia rules and codes pertinent to life insurance only questions
- A Georgia agency publishes an item it regards as educational, and it has the effect of creating public interest in its life products. Is it an advertisement?
- A Georgia agent designs and pays for an advertisement for an insurer's product without telling the insurer. Where does responsibility sit under rule 120-2-11?
- A Georgia counselor advertises advice about existing life policies. Is that within the advertising regulation?
- A Georgia insurer receives a Replacement Notice telling it that its existing policy may be replaced, and the policyholder asks for a summary. How long does it have?
- A Georgia insurer set up an advertising control system some years ago and has not maintained it. Does the rule still bind?
- An advertisement for a Georgia insurer's product was written by an independent agency the insurer did not review. Who is responsible under rule 120-2-11?
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