Rule 120-2-26-.12. Request to Cancel Insurance

In the event an insured expresses a desire to cancel such a policy and premium arrangement, the Georgia Insurance Department will expect the cooperation of the Company and its agents in bringing such matters to a satisfactory conclusion as expeditiously as possible. If it should be determined that the Company or agent has violated this Regulation, or if it is determined that there has been a material misrepresentation of the contract, the policy may, at the option of the insured, be returned to the Company with a signed request for release. The said policy will then be cancelled, and the applicant released from any liability, and refund made of any down payment. Cite as Ga. Comp. R. & Regs. R. 120-2-26-.12
Authority: O.C.G.A. Sec. 33-2-9, Ch. 33-6.
History. Original Rule entitled "Request to Cancel Insurance" adopted. F. July 18, 1972; eff. August 7, 1972.
Submitted for Publishing: Mar. 15, 2007.