Rule 120-2-27-.15 - Annual Experience Reports(1) Each insurer authorized to transact credit insurance in this state shall compile and maintain a complete file containing adequate detailed statistical information and supporting data which shall be sufficient to indicate to the Commissioner of Insurance or to his authorized representative such insurer's loss experience in Georgia for each line of credit insurance which such insurer transacts in this state and which shall be sufficient to indicate such insurer's compliance with the requirements of this regulation.(2) The file required to be maintained by the insurer under subsection (1) of this rule and its contents shall be maintained in a manner suitable and readily available for inspection by the Office of Commissioner of Insurance and shall be maintained by such insurer for a period of not less than five (5) years.Ga. Comp. R. & Regs. R. 120-2-27-.15
O.C.G.A. Secs. 33-2-9, 33-31-12.
Original Rule entitled "Statistical Information Required; Maintenance of File by Insurer; Disapproval of Forms" adopted. F. Mar. 8, 1977; eff. July 1, 1977, as specified by the Agency.Repealed: New Rule entitled "Annual Experience Reports" adopted. F. Oct. 12, 1993; eff. Nov. 1, 1993.Submitted for Publishing: Apr. 6, 2007.