Ga. Comp. R. & Regs. 120-2-72-.02

Current through Rules and Regulations filed through June 17, 2024

Rule 120-2-72-.02 - Purpose

The purpose of this Regulation Chapter is:

(a) to provide for the proper and expeditious investigation and prosecution of fraudulent insurance acts through the establishment of a Special Insurance Fraud Fund;

(b) to establish guidelines for the administration of the Special Insurance Fraud Fund, including the annual assessment of insurers doing business in this State;

(c) to provide terms and conditions for the use of the funds of the Special Insurance Fraud Fund.

Ga. Comp. R. & Regs. R. 120-2-72-.02

O.C.G.A. Secs. 33-1-17, 33-2-9.

Original Rule entitled "Purpose" adopted. F. Feb. 18, 1997; eff. Mar. 10, 1997.

Amended: F. Dec. 4, 2008; eff. Dec. 24, 2008.