Ga. Comp. R. & Regs. 120-2-13-.01

Current through Rules and Regulations filed through October 29, 2024
Rule 120-2-13-.01 - Establishing Claims Account

It is hereby ordered that on and after July 1, 1955 any and all insurance companies writing Life and/or Health and Accident or Hospitalization Insurance in connection with loans made under the Georgia Industrial Loan Act shall place in a reserve account created and carried on the books of the company as "claims account," an amount not less than 20% of each premium dollar received on such insurance written in connection with said loans.

Ga. Comp. R. & Regs. R. 120-2-13-.01

Ga. Laws 1960, p. 289, pp. 305 and 750, as amended.