Regulation of Rates, Underwriting Rules, and Related Organizations

What this document is

O.C.G.A. Title 33 Chapter 9 - Regulation of Rates, Underwriting Rules, and Related Organizations (§§ 33-9-1 through 33-9-45, 51 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. § 33-9-4(2), (3) (Standards applicable to making and use of rates)

  “(2) No rate shall be held to be excessive unless such rate is unreasonably high for the insurance provided and a reasonable degree of competition does not exist in the area with respect to the classification to which such rate is applicable; provided, however, with respect to rate filings involving...”

• O.C.G.A. § 33-9-42(a) (Reduction in premiums for motor vehicle liability, first-party medical, and collision coverages for certain named drivers)

  “(a) For each personal or family-type policy of private passenger motor vehicle insurance issued or issued for delivery in this state, there shall be offered by the insurer a reduction of not less than 10 percent in premiums for motor vehicle liability, first-party medical, and collision coverages...”

• O.C.G.A. § 33-9-43(a) (Reduction in premiums for motor vehicle liability, first-party medical, and collision coverage for named drivers under 25 years of age)

  “(a) For each personal or family-type policy of private passenger motor vehicle insurance issued, delivered, issued for delivery, or renewed, there shall be offered by the insurer a reduction in the premium for motor vehicle liability, first-party medical, and collision coverage for each named...”

• O.C.G.A. § 33-9-1(a) (Purpose and construction of chapter)

  “(a) The purpose of this chapter is to promote the public welfare by regulating insurance rates as provided in this chapter to the end that they shall not be excessive, inadequate, or unfairly discriminatory; to authorize the existence and operation of qualified rating organizations and advisory...”

• O.C.G.A. Sec. 33-9-42(a), (b) (Reduction in premiums for motor vehicle liability, first-party medical, and collision coverages)

  “(a) For each personal or family-type policy of private passenger motor vehicle insurance issued or issued for delivery in this state, there shall be offered by the insurer a reduction of not less than 10 percent in premiums for motor vehicle liability, first-party medical, and collision coverages...”

• O.C.G.A. Sec. 33-9-40 (Prohibition of motor vehicle insurance surcharges relating to accidents in which insured not at fault)

  “No insurer shall surcharge the premium or rate charged on a policy of motor vehicle insurance or cancel such policy as a result of the insured person's involvement in a multivehicle accident when such person was not at fault in such accident.”

• O.C.G.A. Sec. 33-9-36(e) (Unauthorized premiums; unlawful inducements; food and refreshments at seminars)

  “(e) Nothing in this Code section shall be construed as prohibiting the payment for food or refreshments by an insurer or employee of such insurer or a broker or an agent for current or prospective clients during sales presentations and seminars, provided that no insurance or annuity applications or...”

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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