Rule 120-2-62-.03. Definition

"Applicant" means either the transferring or the assuming insurer required to submit the "Application for Approval of Assumption Reinsurance Agreement" based on the following criteria:

(a) If both insurers are licensed to transact the business of insurance in the State of Georgia, the transferring insurer shall submit the required filings; otherwise

(b) The insurer licensed to transact the business of insurance in the state of Georgia shall submit the required filings.

Authority: O.C.G.A. Secs. 33-29-9, 33-52-3, 33-52-6.

History. Original Rule entitled "Definition" adopted. F. Aug. 11, 1995; eff. Aug. 31, 1995.