Rule 120-2-34-.07 - Application for Membership to a Fund(1) Each application for a Certificate of Authority shall be accompanied, for each member of the Fund, by a separate Form GSF-3 or a comparable form containing the same information as the GSF-3, entitled "Application for Membership in Group Self-Insurance Fund."(2) After the Fund has been granted a Certificate of Authority, it may add new members in the following manner: (a) By submitting underwriting criteria to the Department in accordance with O.C.G.A. § 34-9-155 and having the criteria approved by the Department; or(b) By submitting a Form GSF-3 fifteen (15) days prior to the effective date of coverage; and(c) For Funds that have a potential member which does not meet their approved underwriting criteria, they may submit a GSF-3 and ask for specific approval of the new member.(3) Any new member application submitted on or after the proposed effective date of coverage will automatically be rejected for lack of timely submission.Ga. Comp. R. & Regs. R. 120-2-34-.07
Ga. L. 1960, pp. 289, 305; Ga. L. 1981, pp. 1759, 1778; O.C.G.A. Secs. 33-2-9, 34-9-155, 34-9-174.
Original Rule entitled "Application to Serve as Officer, Director, or Trustee" was filed on March 16, 1982; effective April 15, 1982, by Order of the Insurance Commissioner.Repealed: New Rule of same title adopted. F. May 9, 1990; eff. June 15, 1990, as specified by the Agency.Repealed: New Rule entitled "Application for Membership to a Fund" adopted. F. Nov. 4, 1997; eff. Nov. 24, 1997.