Rule 120-2-49-.04 - Written Agreement Necessary(1) No administrator shall act as such without a written agreement between the administrator and an insurer or self-insurer, and such written agreement shall be retained as part of the official records of an insurer or self-insurer and the administrator for the duration of the agreement and five years thereafter. Such written agreement shall contain provisions which meet the requirements of Rules 120-2-49-.05, 120-2-49-.08, 120-2-49-.09, 120-2-49-.10, 120-2-49-.12, 120-2-49-.13, 120-2-49-.14, and 120-2-49-.15, except insofar as those requirements do not apply to the functions performed by the administrator.(2) Where a policy is issued to a trustee or trustees, a copy of the trust agreement and any amendments thereto shall be furnished to the insurer or self-insurer by the administrator and shall be retained as part of the official records of both the insurer and the administrator for the duration of the policy and five years thereafter.Ga. Comp. R. & Regs. R. 120-2-49-.04
O.C.G.A. Secs. 33-2-9, 33-23-100et seq., 33-23-104, 33-23-105.
Original Rule entitled "Written Agreement Necessary" adopted. F. May 19, 1993; eff. June 8, 1993.Repealed: New Rule of same title adopted. F. Dec. 9, 2005; eff. Dec. 29, 2005.