Rule 120-2-12-.07 - Exceptions, Reductions and Limitations1. Exceptions, reductions and limitations shall be prominently and conspicuously displayed in the same style type and in a type size equal to, or larger than, that used to describe the benefits. Furthermore, a multi-color scheme shall not be used in such a manner as to render such terms obscure.2. Any advertisement which refers to either a dollar amount, or a period of time for which any benefit is payable, or the cost of the policy, or specific policy benefit, or the loss for which such benefit is payable, shall also disclose those exceptions, reductions and limitations affecting the basic provisions of the policy without which the advertisement would have the capacity or tendency to mislead or deceive.3. When a policy contains a waiting, elimination, probationary or similar time period between the effective date of the policy and the effective date of coverage under the policy or a time period between the date a loss occurs and the date benefits begin to accrue for such loss, an advertisement which is subject to the requirements of the preceding paragraph shall clearly, prominently and conspicuously disclose the existence of such periods.4. An advertisement shall not use the words "only;" "just;" "merely;" "minimum;" or similar words or phrases to describe the applicability of any exceptions and reductions, such as: "This policy is subject to the following minimum exceptions and reductions."Ga. Comp. R. & Regs. R. 120-2-12-.07
Ga. L. 1960, pp. 289 to 755.
Original Rule entitled "Fair Competition" adopted. F. and eff. July 20, 1965.Repealed: New Rule entitled "Exceptions, Reductions and Limitations" adopted. F. May 29, 1973; eff. June 18, 1973.Submitted for Publishing: Mar. 7, 2007.