Ga. Comp. R. & Regs. 120-2-12-.09

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-12-.09 - Necessity for Disclosure of Policy Provisions Relating to Renewability, Cancellability and Termination

1. Any advertisement of a policy or plan of benefits contained therein must not imply that the policy or plan is guaranteed renewable at the discretion of the insured unless the renewability of such policy or plan of benefits is, in fact, guaranteed.

2. Any advertisement which refers to:

(a) dollar amounts,

(b) periods of time for which any benefit is payable,

(c) costs of the policy,

(d) specific policy benefits,

(e) loss or losses for which benefits are payable,

(f) time or age limitations,

(g) or any other limiting or qualifying conditions in connection with eligibility of applicants or continuation of the policy, renewability, cancellability or termination, shall clearly, prominently and conspicuously disclose said provisions and any modification, cancellation or termination of benefits, of losses covered, or of premiums, which may occur (because of age or for other reasons), in a manner which shall not minimize or render obscure the qualifying conditions.

Ga. Comp. R. & Regs. R. 120-2-12-.09

Ga. L. 1960, pp. 289 to 755.

Original Rule entitled "Certification That Advertising Material Meets Requirements" adopted. F. and eff. July 20, 1965.

Repealed: New Rule entitled "Necessity for Disclosure of Policy Provisions Relating to Renewability, Cancellability and Termination" adopted. F. May 29, 1973; eff. June 18, 1973.

Submitted for Publishing: Mar. 7, 2007.