Rule 120-2-15-.02. Quarterly Reporting

On or before the first day of February, May, August and November, unless notified by the Commissioner of Insurance to cease prior thereto, and continuing until notified by the Commissioner to cease, all insurance companies doing business in the State of Georgia and issuing policies of property and/or casualty insurance shall file with the Office of Commissioner of Insurance the following information:

1. (a) The total number of residential property policies cancelled or nonrenewed by the insurer during the preceding quarter together with the reasons for such cancellations and nonrenewals. Provided however, this Regulation Chapter shall not apply to any policy which has been cancelled or nonrenewed due to a failure of the named insured to discharge when due any of his or her obligations in connection with the payment of premium for a policy or any installment thereof.

(b) The information required in subsection (a) shall be submitted in such form as will show the total number of cancellations and nonrenewals together with the reasons for such cancellations and nonrenewals for each type of policy issued. The reasons for cancellations and nonrenewals shall be shown as follows: Residential Property (i) Undesirable Insured (ii) Undesirable Property (iii) Credit Report (iv) Other (specify) (v) Misrepresentation

Authority: O.C.G.A. Secs. 33-2-9, 33-24-44, 33-24-45, 33-24-46, 33-39-1, 33-39-15.

History. Original Rule entitled "Quarterly Reporting" was filed on November 13, 1967; effective September 28, 1967.

Repealed: New Rule, same title adopted. F. Oct. 7, 1994; eff. Oct. 27, 1994.

Amended: F. Aug. 8, 1996; eff. Aug. 28, 1996.