State RegulationsGA specificDifficulty 2/5
An insurer issuing individual accident and sickness policies in Georgia reserves the right to refuse renewal at any premium due date. What must the insurer do if it intends not to renew a policy?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under O.C.G.A. § 33-29-3(b)(3), when an accident and sickness insurer reserves the right to refuse renewal, it must deliver or mail written notice at least 30 days before the premium due date. The advance written notice gives the insured time to arrange replacement coverage before the policy terminates.
Why the other options are wrong
- A) The statute requires notice to the insured, not prior approval from the Insurance Commissioner.
- B) The insurer has no statutory duty to offer replacement coverage — only to give timely written notice.
- C) Premiums are not refunded on nonrenewal; the requirement is advance written notice, not a refund.
Memory hook
Not renewing? Written notice lands 30 days before the due date.