Ga. Comp. R. & Regs. 120-2-66-.02

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-66-.02 - Definitions

For the purpose of this Regulation Chapter, the following definitions shall apply:

(a) "Commissioner" shall mean the Commissioner of Insurance of the State of Georgia.

(b) "Policy" or "policies" shall mean any policy issued to a natural person or persons as the named insured which provides coverage for residential property at a specifically described location. The term "policy" shall include but not be limited to homeowner's, dwelling fire, manufactured housing, tenant, condo-unit owners and farmowners policies.

(c) "Underwriting guidelines" shall mean the written, oral or electronic statements, guidelines, or criteria of an insurer which describe the standards used by an insurer to determine whether to issue a policy, decline to issue a policy, nonrenew a policy, discontinue or cancel a policy or restrict coverages provided by a residential property policy issued to persons residing in this State.

Ga. Comp. R. & Regs. R. 120-2-66-.02

O.C.G.A. Secs. 33-2-9, 33-6-5, 33-6-12, 33-24-46.

Original Rule entitled "Definitions" adopted F. Oct. 7, 1994; eff Oct. 27, 1994.

Repealed: New Rule of same title adopted. F. Aug. 8, 1996, eff.Aug. 28, 1996.