Georgia Rules and Codes Pertinent to Life Insurance Only
When does the existing Georgia insurer's ten working day clock begin?
Answer and explanation
Answer: B. Rule 120-2-24-.06(5) measures the ten working days from receipt of the Replacement Notice and written communication that its existing insurance may be replaced. Delivery of the new policy, a request to the agent, and any notice from the Commissioner are not the trigger.Source: Ga. Comp. R. & Regs. r. 120-2-24-.06 — 120-2-24-.06(5), When the duty is triggered
More georgia rules and codes pertinent to life insurance only questions
- Where must the applicant's signed replacement statement appear?
- Which records must a Georgia replacing insurer keep under rule 120-2-24-.06?
- Whom must a Georgia insurer inform about the requirements of the replacement regulation?
- Why does Georgia require a system of control rather than only prohibiting bad advertisements?
- Why does Georgia require both a signed applicant statement and a cross-indexed register?
- 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?
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