Ga. Comp. R. & Regs. 120-2-107-.09

Current through Rules and Regulations filed through September 16, 2024
Rule 120-2-107-.09 - Insurance Claims Register

Each licensee of the Georgia Installment Loan Act shall maintain on a daily basis an insurance claims register. There shall be recorded on this register, with respect to any and all claims against insurance sold in connection with a loan made under the provisions of the Georgia Installment Loan Act, the loan account number, the name of the borrower/insured, the type of claim filed, the date of loss, the amount of claim, the date the claim was filed with the insurer, the date the claim was paid, the amount of the claim payment and the name and address of the person or entity to whom the proceeds of the claim payment were disbursed. In addition to the foregoing information, if a claim is filed against credit life insurance coverage, the date of the insured's death shall be shown on the insurance claims register. In addition to the foregoing information, if a claim is filed against credit life insurance coverage, the date of the insured's death shall be shown on the insurance claims register. In addition to the foregoing information, if a claim is filed against credit accident and sickness insurance coverage, the number of days for which the disability claim is filed shall be recorded on the insurance claims register. Register will include all denied claims and all paid claims.

Ga. Comp. R. & Regs. R. 120-2-107-.09

O.C.G.A. §§ 33-2-9, 7-3-11(3).

Original Rule entitled "Insurance Claims Register" adopted. F. Dec. 8, 2020; eff. Dec. 31, 2020, as specified by the Agency.