§ 33-2-8.2 - Commissioner's quarterly report to legislative committees on insurance; contents - Georgia Statutes

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Statutes > Georgia > Title-33 > Chapter-2 > 33-2-8-2

O.C.G.A. 33-2-8.2 (2010)
33-2-8.2. Commissioner's quarterly report to legislative committees on insurance; contents

During the first week of each quarter, the Commissioner shall transmit to the chairperson of the House Committee on Insurance and the chairperson of the Senate Committee on Insurance and Labor the following information:

(1) The number of rate increases and decreases for personal passenger motor vehicle insurance which were requested, approved, and disapproved during the preceding quarter, categorized according to the amount of the increase or decrease requested, approved, and disapproved as follows:

(A) Five percent or less;

(B) Greater than 5 percent but not more than 10 percent;

(C) Greater than 10 percent but not more than 20 percent; and

(D) Greater than 20 percent.

Any increase or decrease which was approved in an amount different than that requested shall be so noted in the report;

(2) The number of insurers newly authorized to transact insurance in this state for any line, class, or subclass of insurance listed in subsection (d) of Code Section 33-2-8.1 during the preceding quarter; and

(3) The number of insurers authorized to transact insurance in this state for any line, class, or subclass of insurance listed in subsection (d) of Code Section 33-2-8.1 which ceased to transact insurance in this state during the preceding quarter.

State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-2 > 33-2-8-2

O.C.G.A. 33-2-8.2 (2010)
33-2-8.2. Commissioner's quarterly report to legislative committees on insurance; contents

During the first week of each quarter, the Commissioner shall transmit to the chairperson of the House Committee on Insurance and the chairperson of the Senate Committee on Insurance and Labor the following information:

(1) The number of rate increases and decreases for personal passenger motor vehicle insurance which were requested, approved, and disapproved during the preceding quarter, categorized according to the amount of the increase or decrease requested, approved, and disapproved as follows:

(A) Five percent or less;

(B) Greater than 5 percent but not more than 10 percent;

(C) Greater than 10 percent but not more than 20 percent; and

(D) Greater than 20 percent.

Any increase or decrease which was approved in an amount different than that requested shall be so noted in the report;

(2) The number of insurers newly authorized to transact insurance in this state for any line, class, or subclass of insurance listed in subsection (d) of Code Section 33-2-8.1 during the preceding quarter; and

(3) The number of insurers authorized to transact insurance in this state for any line, class, or subclass of insurance listed in subsection (d) of Code Section 33-2-8.1 which ceased to transact insurance in this state during the preceding quarter.

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State Codes and Statutes

Statutes > Georgia > Title-33 > Chapter-2 > 33-2-8-2

O.C.G.A. 33-2-8.2 (2010)
33-2-8.2. Commissioner's quarterly report to legislative committees on insurance; contents

During the first week of each quarter, the Commissioner shall transmit to the chairperson of the House Committee on Insurance and the chairperson of the Senate Committee on Insurance and Labor the following information:

(1) The number of rate increases and decreases for personal passenger motor vehicle insurance which were requested, approved, and disapproved during the preceding quarter, categorized according to the amount of the increase or decrease requested, approved, and disapproved as follows:

(A) Five percent or less;

(B) Greater than 5 percent but not more than 10 percent;

(C) Greater than 10 percent but not more than 20 percent; and

(D) Greater than 20 percent.

Any increase or decrease which was approved in an amount different than that requested shall be so noted in the report;

(2) The number of insurers newly authorized to transact insurance in this state for any line, class, or subclass of insurance listed in subsection (d) of Code Section 33-2-8.1 during the preceding quarter; and

(3) The number of insurers authorized to transact insurance in this state for any line, class, or subclass of insurance listed in subsection (d) of Code Section 33-2-8.1 which ceased to transact insurance in this state during the preceding quarter.