Rule 120-2-14-.13. Commissions

1. (1) Unless other arrangements have been made with the Commissioner, the commission under the Plan shall be as follows in paragraphs (2) through (5).
2. (2) For long haul trucking risks and public passenger carrying vehicles other than church and school buses, five (5%) percent of the policy premium for commission to a licensed producer designated by the insured.
3. (3) For other risks, ten (10%) percent of the policy premium for commission to a licensed producer designated by the insured.
4. (4) On any risk rated and domiciled outside of this State, the licensed producer may be paid only that portion of the producer's commission specified above which is permissible under the laws of the state in which the risk is rated and domiciled.
5. (5) There is to be no service charge to an applicant charged by the Producer of Record for the completing of an application for insurance under the Plan except the commissions referred to in paragraph (2), (3) and (4) above.

Original Rule entitled "Designation of Carrier" was filed and effective on July 20, 1965.

Editor's Note: In accordance with Ga. Laws 1967, p. 618 (Ga. Code Ann., Section 3A-124), the content of this Rule is not filed with or published by the Secretary of State; only the name and designation is filed, printed, and distributed. This Regulation is on file in the office of the Comptroller General and is open for public examination and copying. (See Editor's Note, p. 88.03.)Note: "Editor's Note" rescinded. Eff. Oct. 21, 2015.

Authority: O.C.G.A. §§ 33-2-9, 40-9-100.

History. Note: "Editor's Note" rescinded. Eff. Oct. 21, 2015.

Amended: Rule repealed and a new Rule of the same title adopted. Filed August 15, 1967; effective September 4, 1967.

Amended: Rule amended and title changed to "Designation of Company". Filed January 13, 1971; effective February 2, 1971.

Amended: Rule repealed and a new Rule of the same title adopted. Filed April 30, 1975; effective May 20, 1975.

Amended: Rule repealed and a new Rule of the same title adopted. Filed November 22, 1978; effective December 12, 1978.

Amended: Rule repealed and a new Rule entitled "Three Year Assignment Period" adopted. Filed September 2, 1981; effective September 22, 1981.

Amended: Rule repealed and a new Rule entitled "Commissions" adopted. Filed October 5, 1984; effective November 1, 1984, as specified by the Agency.

Amended: F. Oct. 1, 2015; eff. Oct. 21, 2015.