Fair Access to Insurance Requirements (FAIR) Plan

What this document is

O.C.G.A. Title 33 Chapter 33 - Fair Access to Insurance Requirements (FAIR) Plan (§§ 33-33-1 through 33-33-11, 10 sections) is a state statute published by Georgia Code Revision Commission / LexisNexis (Official Code of Georgia Annotated), served through the Fastcase public document service that the Georgia Secretary of State's own rules publication links to. It is one of the Georgia documents that insurance license exam questions are written from, including georgia property & casualty, georgia personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• O.C.G.A. § 33-33-1 (Establishment of Fair Access to Insurance Requirements Plan and underwriting association)

  “All insurers licensed to write and writing property insurance in this state on a direct basis are authorized, subject to approval and regulation by the Commissioner, to establish and maintain a Fair Access to Insurance Requirements (FAIR) Plan and to establish and maintain an underwriting...”

• O.C.G.A. § 33-33-3(a) (Requirement of participation in plan by property insurers)

  “(a) Each insurer authorized to write and writing property insurance in this state shall be required to become and remain a member of the plan and the underwriting association and to comply with the requirements of the plan and the underwriting association as a condition of its authority to transact...”

• O.C.G.A. § 33-33-3(b) (Requirement of participation in plan by property insurers; proportions)

  “(b) Each insurer shall participate in the writings, expenses, profits, and losses of the association in the following manner: (1) For habitational risks, the same proportion as its habitational premiums written bear to the aggregate habitational premiums written by all insurers in the program; and...”

• O.C.G.A. § 33-33-6 (Liability for inspections and statements)

  “There shall be no liability on the part of, and no cause of action of any nature shall arise against, insurers, any inspection bureau, placement facility, or underwriting association, or their directors, agents, or employees, or the Commissioner or his or her authorized representatives for any...”

• O.C.G.A. § 33-33-7 (Appeals from actions or decisions)

  “Any person aggrieved by any action or decision of the administrators of the plan, the underwriting association, or of any insurer as a result of its participation in the plan may appeal to the Commissioner within 30 days from the date of the action or the decision. The Commissioner, after a hearing...”

• O.C.G.A. § 33-33-8(c) (Temporary insurance coverage for local public entity filing appeal of adverse underwriting decision)

  “(c) It shall be the duty of the local public entity to notify the Commissioner in writing at the same time the appeal is filed of the date its existing insurance coverage is to cancel or expire. Failure of the local public entity to notify the Commissioner as provided in this subsection shall...”

• O.C.G.A. § 33-33-2 (Requirements of plan and articles of association)

  “§ 33-33-2. Requirements of plan and articles of association The Fair Access to Insurance Requirements Plan and articles of association shall make provision for an underwriting association having authority on behalf of its members to cause to be issued property insurance policies, to reinsure in...”

• O.C.G.A. § 33-33-4(b) (Powers of Commissioner generally)

  “(b) The Fair Access to Insurance Requirements Plan and articles of association shall be subject to approval by the Commissioner and shall take effect ten days after having been approved by the Commissioner. If the Commissioner disapproves all or any part of the proposed plan and articles, the...”

• O.C.G.A. Sec. 33-33-3(b) (Requirement of participation in plan by property insurers)

  “(b) Each insurer shall participate in the writings, expenses, profits, and losses of the association in the following manner: (1) For habitational risks, the same proportion as its habitational premiums written bear to the aggregate habitational premiums written by all insurers in the program; and...”

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Questions about this source

More Georgia sources

• O.C.G.A. s. 33-6-4: Enumeration of unfair methods of competition and deceptive actsState statute
• O.C.G.A. Title 33, Chapter 29 - Individual Accident and Sickness Insurance (complete chapter, §§ 33-29-1 to 33-29-22)State statute
• Georgia Rules & Regulations Ch. 120-2 - Accident and Sickness Insurance: Subjects 120-2-12 (Advertising Accident and Sickness Insurance) and 120-2-59 (Standard Claim Form for Accident and Sickness Insurance)State statute
• Georgia Rules & Regulations Ch. 120-2 - Group Health Insurance: Subjects 120-2-48 (Group Coordination of Benefits) and 120-2-67 (Portability and Renewability)State statute
• Georgia Rules & Regulations Ch. 120-2, Subject 120-2-10 - Regulations Regarding Insurance Contract (Rules 120-2-10-.01 through -.14, including -.11A)State statute
• Georgia Rules & Regulations Ch. 120-2 - Life Insurance and Annuity Contract Regulation: Subjects 120-2-11 (Advertising of Life Insurance and Annuity Contracts), 120-2-22 (Georgia Variable Annuity Contract Regulation), 120-2-24 (Replacement of Life Insurance Policies), 120-2-31 (Life Insurance Solicitation Regulation), 120-2-32 (Variable Life Insurance), 120-2-94 (Suitability in Annuity Transactions)State statute
• Georgia Rules & Regulations Ch. 120-2 - Subjects 120-2-8 (Medicare Supplement Insurance) and 120-2-16 (Long Term Care Insurance), minimum standardsState statute
• O.C.G.A. Title 33 Chapter 1 - General Provisions of the Georgia Insurance Code (§§ 33-1-1 through 33-1-28, 31 sections)State statute