Ga. Comp. R. & Regs. 120-2-53-.04

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-53-.04 - Tender of Premiums During Period of Review, Refund of Premiums

During this period of review of the cancellation or nonrenewal, the insured shall tender to, and the insurer shall accept, a 30 day pro rata portion of the premiums applicable to the policy at the time the cancellation or nonrenewal is issued. The insured shall submit proof of such tender of premium as a part of the request for review by the Commissioner.

Ga. Comp. R. & Regs. R. 120-2-53-.04

O.C.G.A. Secs. 33-24-45, 33-2-9.

Original Rule entitled "Disposition and Penalties" adopted. F. Apr. 7, 1994; eff. Apr. 27, 1994.

Repealed: New Rule entitled "Tender of Premiums During Period of Review, Refund of Premiums" adopted. F. Sept. 16, 1997; eff. Oct. 6, 1997.