Georgia Rules and Codes Pertinent to Life Insurance Only
Which records must a Georgia replacing insurer keep under rule 120-2-24-.06?
Answer and explanation
Answer: A. Rule 120-2-24-.06(3) requires copies of the Replacement Notice, all written communications required under rules .07 and .08, the applicant's signed statement about replacement, and a cross-indexed replacement register. The register does not stand in for the underlying documents.Source: Ga. Comp. R. & Regs. r. 120-2-24-.06 — 120-2-24-.06(3), What is retained
More georgia rules and codes pertinent to life insurance only questions
- 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?
- An advertisement is prepared outside Georgia but is intended for distribution to Georgia residents. Does rule 120-2-11 apply?
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- An insurer is notified that its existing Georgia policy may be replaced. What must it do with the notice?
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