Rule 120-2-66-.02. Definitions
For the purpose of this Regulation Chapter, the following definitions shall apply:
- (a) "Commissioner" shall mean the Commissioner of Insurance of the State of Georgia.
- (b) "Policy" or "policies" shall mean any policy issued to a natural person or persons as the named insured which provides coverage for residential property at a specifically described location. The term "policy" shall include but not be limited to homeowner's, dwelling fire, manufactured housing, tenant, condo-unit owners and farmowners policies.
- (c) "Underwriting guidelines" shall mean the written, oral or electronic statements, guidelines, or criteria of an insurer which describe the standards used by an insurer to determine whether to issue a policy, decline to issue a policy, nonrenew a policy, discontinue or cancel a policy or restrict coverages provided by a residential property policy issued to persons residing in this State.
Authority: O.C.G.A. Secs. 33-2-9, 33-6-5, 33-6-12, 33-24-46.
History. Original Rule entitled "Definitions" adopted F. Oct. 7, 1994; eff Oct. 27, 1994.
Repealed: New Rule of same title adopted. F. Aug. 8, 1996, eff. Aug. 28, 1996.