Rule 120-2-40-.03. Definitions
- (1) "Interlocal Risk Management Agency" or "Agency" means an association formed exclusively among counties or municipalities or boards of education by the execution of an intergovernmental contract for the development and administration of an interlocal risk management program and one or more group self-insurance funds as approved and as granted a certificate of authority under applicable Georgia statutes and this Chapter.
- (2) "Commissioner'' means the Commissioner of Insurance of the State of Georgia.
- (3) "Group Self-Insurance Fund" or "Fund" means an entity that may be established by an Interlocal Risk Management Agency, the creation of which shall be authorized in writing by the Commissioner in order to pool the separate insurance risks of Members for accident, disability, supplemental medical, general liability, motor vehicle liability, property damage or any combination of such risks.
- (4) "Member" means a county or municipality or board of education that has qualified to participate in one or more authorized Funds established by an Interlocal Risk Management Agency. Counties, municipalities, and boards of education shall be deemed to constitute separate classes and no member of any one such class shall join with a member of another class for the purpose of creating an Interlocal Risk Management Agency.
- (5) All other terms as defined in O.C.G.A. §§ 20-2-2001 and 36-85-1 which are used in this Regulation shall have the same meaning as in those Sections.
Editor's Note: In accordance with Ga. Laws 1967, p. 618, (Ga. Code Ann., Section 3A-124), the contents of the following Rules are not filed with or published by the Secretary of State; only the name and designation is filed, printed, and distributed. These Regulations are on file in the office of the Comptroller General and are open for public examination and copying. (See Editor's Note, p. 88.03.)
Authority: O.C.G.A. §§ 20-2-2016, 33-2-9; 36-85-16, 50-13-21.
History. Original Rule entitled "Definitions" was filed on April 10, 1987; effective April 30, 1987.
Amended: F. Aug. 4, 2025; eff. Aug. 24, 2025.