Rule 120-2-28-.05. Minimum Insurance Coverage Required: Filing of Rates and Forms

1. (1) No insurer transacting motor vehicle liability insurance in this State shall offer, or cause to be offered, or sold, any new or renewal policy of motor vehicle liability insurance with a policy term of less than six (6) months and any policy of motor vehicle liability insurance coverage in an amount less than that required by the Motor Vehicle Safety Responsibility Act (O.C.G.A. §§ 40-9-1et seq.), in the amounts as follows:

   1. (a) Damage for liability on account of accidents of not less than $15,000 because of bodily injury or death of one person in any one accident; and subject to such limit for one person, to a limit of not less than $30,000 because of bodily injury or death to two (2) or more persons in any one accident; and $10,000 because of injury to or destruction of property of others in any one accident, including its loss of use.

2. (2) Each policy of motor vehicle liability insurance shall be deemed to contain a provision to provide that the requirement for giving notice of a claim may be satisfied by an injured third party if all the following conditions are satisfied:

   1. (a) the insured has not given notice to the insurer within thirty (30) days of the accident.
   2. (b) the injured third party has a claim against the insured as a result of the accident; and
   3. (c) the injured third party notifies the insurer by registered mail.
3. (3) Each insurer transacting motor vehicle liability insurance in this State shall file proposed policy forms, endorsements, manuals, rates and rating plans with the Commissioner for his or her approval as is required by law.

Authority: O.C.G.A. Secs. 33-2-9, 33-34-1 et. seq., 33-34-11.

History. Original Rule entitled "Minimum Insurance Coverage Required; Filing of Rates and Forms" was filed and effective on December 20, 1974, as Emergency Rule 120-2-28-0.2-.05.

Amended: Emergency Rule repealed and permanent Rule of the same title adopted. Filed January 16, 1975; effective February 5, 1975.

Amended: Rule repealed and a new Rule of the same title adopted. Filed October 28, 1983; effective December 1, 1983.

Repealed: New Rule of same title adopted. F. Sept. 4, 1990; eff. Oct. 1, 1990, as specified by the Agency.

Repealed: New Rule of same title adopted. F. Nov. 25, 1996; eff. Dec. 15, 1996.

Repealed: New Rule, same title, adopted. F. Apr. 14, 1998; eff. May 4, 1998.