Ga. Comp. R. & Regs. 120-2-47-.04

Current through Rules and Regulations filed through October 17, 2024

Rule 120-2-47-.04 - Insurance Required

A service contract shall not be issued, sold, or offered for sale in this State unless the provider of the service contract is a named insured under a service contract reimbursement insurance policy issued by an insurer authorized to do business in this state, or by a surplus lines insurer meeting all of the requirements of O.C.G.A. Section 33-5-21, which has not been rejected by the Commissioner for such purpose, and which is provided by a licensed surplus lines broker pursuant to O.C.G.A. § 33-5-20et seq.

Ga. Comp. R. & Regs. R. 120-2-47-.04

O.C.G.A. Secs. 33-2-9, 33-7-6.

Original Rule entitled "Insurance Required" adopted. F. Aug. 24, 1989; eff. Sept. 15, 1989, as specified by the Agency.

Amended: ER. 120-2-47-0.17-.04 adopted. F. and eff. September 16, 2005, the date of adoption.

Amended: Permanent Rule adopted. F. Dec. 9, 2005; eff. Dec. 29, 2005.