Rule 120-2-14-.09. Filing of Rates, Rating Systems, Rating Plans, Underwriting Rules and Policy Forms
- (1) All risks placed through the Plan shall be subject to the rules, rates, surcharges, minimum premiums and classifications filed on behalf of all companies subscribing to this Plan by the Automobile Insurance Plans Service Office.
- (2) For the purpose of such filings, each company subscribing to this Plan is a subscriber to the Automobile Insurance Plans Service Office and authorizes the Commissioner to accept such filings on its behalf.
- (3) Every insurer participating in the Plan shall use the standard policy as filed by the Automobile Insurance Plans Service Office and approved by the Commissioner, or a policy approved by the Commissioner which provides equivalent coverage.
- (4) If the hazard of the risk is greater than that contemplated by the rate normally applicable under the Plan, the carrier shall consult with the Committee before submission to the Commissioner for an increase in such rate.
- (5) All risks underwritten by the Plan shall be afforded pro rata cancellation by a subscriber in each case where a risk is subsequently removed from the Plan and insured in the voluntary market.
Authority: O.C.G.A. 33-2-9, 40-9-100.
History. Original Rule entitled "Eligibility" adopted. F. and eff. July 20, 1965.
Repealed: New Rule of same title adopted. F. Mar. 4, 1968; eff. Mar. 24, 1968.
Amended: F. Jan. 13, 1971; eff. Feb. 2, 1971.
Amended: F. Feb. 24, 1975; eff. Mar. 16, 1975.
Repealed: New Rule entitled "Filing of Rates, Rating Systems, Rating Plans, Underwriting Rules and Policy Forms" adopted. F. Oct. 5, 1984; eff. Nov. 1, 1984, as specified by the Agency.
Amended: F. Dec. 3, 2025; eff. Dec. 23, 2025.