Ga. Comp. R. & Regs. 120-2-34-.11

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-34-.11 - Execution of Intrastate Agreement

The following requirements must be met for the Intrastate Agreement to be properly executed:

(a) The member must sign the signature page, or resolution if a government entity, certifying that:

1. The member subscribes to and abides by the Intrastate Agreement: the entire document does not have to be signed;

2. The member has received a copy of the Intrastate Agreement;

3. The member is aware of joint and several liability.

(b) A copy of the signed Intrastate Agreement shall be provided to the member.

(c) After approval by the Commissioner, amendments to the Intrastate Agreement only become effective after providing written notice to all members.

Ga. Comp. R. & Regs. R. 120-2-34-.11

Ga. L. 1960, pp. 289, 305; Ga. L. 1981, pp. 1759, 1778; O.C.G.A. Secs. 33-2-9, 34-9-174.

Original Rule entitled "Books and Records; Examination" 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Repealed: New Rule of same title adopted.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Repealed: New Rule entitled "Execution of Intrastate Agreement" adopted. F. Nov. 4, 1997; eff. Nov. 24, 1997.