Rule 120-2-67-.11. Liabilities and Duties of Prior Insurers

1. (a) A prior insurer shall remain liable only to the extent of its accrued liabilities and extensions of benefits.
2. (b) In accordance with O.C.G.A. § 33-30-15(b)(2), an insurer must offer a conversion policy to any insured whose group health insurance coverage terminates, including termination of such group health insurance coverage after any period of continuation required under § 33-24-21.1 or the provisions of the federal Consolidated Omnibus Budget Reconciliation Act (COBRA) Section 601, et seq. of the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. Section 1611 et seq.

Authority: O.C.G.A. Sec. 33-2-9, 33-30-15.

History. Original Rule entitled "Severability" adopted. F. Feb. 29, 1996; eff. Mar. 20, 1996.

Amended: ER 120-2-67-0.7 adopted. F. and eff. November 10, 1997, to remain in effect for 120 days or until the effective date of a permanent Rule covering the Same subject matter superseding this ER is adopted, as specified by the Agency.

Repealed: Permanent Rule entitled "Liabilities and Duties of prior Insurers" adopted. F. Feb. 17, 1998; eff. Mar. 9, 1998.