State RegulationsGA specificDifficulty 1/5
An insurer wants to reserve the right to refuse renewal of an individual accident and sickness policy it has issued in Georgia. What must the policy provide regarding notice?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under O.C.G.A. § 33-29-3(b)(3), if an insurer reserves the right to refuse renewal of an individual A&S policy, it must deliver or mail written notice of its intention at least 30 days before the premium due date. This advance written warning gives the insured time to secure replacement coverage before the policy terminates.
Why the other options are wrong
- B) The statute requires written notice, and 10 days falls short of the 30-day minimum.
- C) Notice must precede the premium due date, not follow it, and 60 days is not the statutory figure.
- D) The written notice duty cannot be waived by wording in the application; it applies whenever the insurer reserves the right to refuse renewal.
Memory hook
Thirty days' written warning before the bill comes due.