Georgia Special Insurance Fraud Fund Assessments Now Due 30 Days Following Appropriation

Pursuant to statutory changes, any approved supplemental appropriations for the Georgia Special Insurance Fraud Fund will now result in an assessment due 30 days later. 

Regulation 120-2-72-.05(3) formerly provided for assessments to be due on “May 15 of the year of the assessment.”  Because the date of an appropriation could vary widely, the Regulation was changed to accommodate this variable. 

To view the full text of the new Regulation as adopted, go to:  http://www.oci.ga.gov/ExternalResources/ANNOUNCEMENTS/2059AR-6102013133039.pdf. 

To view the Notice of Rulemaking  that includes a synopsis of the issue, click:  http://www.oci.ga.gov/ExternalResources/ANNOUNCEMENTS/2059HN-3252013145325.pdf 

To go to the related Order, click here:  http://www.oci.ga.gov/ExternalResources/ANNOUNCEMENTS/2059OR-6102013133122.pdf.