Rule 120-2-34-.07. Application for Membership to a Fund

1. (1) Each application for a Certificate of Authority shall be accompanied, for each member of the Fund, by a separate Form GID-263-RS or a comparable form containing the same information as the GID-263-RS, entitled "Application for Membership in Group Self-Insurance Fund."

2. (2) After the Fund has been granted a Certificate of Authority, it may add new members in the following manner:

   1. (a) By submitting underwriting criteria to the Department in accordance with O.C.G.A. § 34-9-155 and having the criteria approved by the Department; or
   2. (b) By obtaining a Form GID-263-RS within ten (10) business days of the effective date of coverage; and
   3. (c) Submit Form GID-263-RS.
3. (3) Any new member application submitted on or after the proposed effective date of coverage will automatically be rejected for lack of timely submission.

Authority: O.C.G.A. §§ 33-2-9, 34-9-155, 34-9-174, 50-13-21.

History. Original Rule entitled "Application to Serve as Officer, Director, or Trustee" was filed on March 16, 1982; effective April 15, 1982, by Order of the Insurance Commissioner.

Repealed: New Rule of same title adopted. F. May 9, 1990; eff. June 15, 1990, as specified by the Agency.

Repealed: New Rule entitled "Application for Membership to a Fund" adopted. F. Nov. 4, 1997; eff. Nov. 24, 1997.

Amended: F. Mar. 5, 2025; eff. Mar. 25, 2025.