This regulation shall apply to reinsurance treaties that cede liabilities pertaining to Covered Policies, as that term is defined in 120-2-109-.05(2), issued by any life insurance company domiciled in this state. This regulation and 120-2-78 shall both apply to such reinsurance treaties; provided, that in the event of a direct conflict between the provisions of this regulation and 120-2-78, the provisions of this regulation shall apply, but only to the extent of the conflict.
Ga. Comp. R. & Regs. R. 120-2-109-.03
O.C.G.A. §§ 33-2-9, 33-7-14.