Compilation of Rules and Regulations of the State of Georgia Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
The Compilation of Rules and Regulations of the State of Georgia – Department 120 covers the Office of Commissioner of Insurance, Safety Fire Commissioner, and Industrial Loan Commissioner. This department oversees three major regulatory areas in Georgia:
🔹 1. Insurance Regulation (Office of Commissioner of Insurance)
Responsible for regulating the insurance industry in Georgia. Key rule categories include:
Licensing of insurers and agents
Consumer protections and complaint procedures
Premium rate regulations
Requirements for different types of insurance (health, auto, life, property, etc.)
Surplus lines and reinsurance rules
🔹 2. Safety Fire Regulations (Safety Fire Commissioner)
Focuses on fire safety in buildings, equipment, and public venues:
Fire code enforcement and inspection standards
Building construction and fire safety compliance
Boiler and pressure vessel regulations
Fire suppression and detection systems
Licensing and oversight of fire protection professionals and firms
🔹 3. Industrial Loan Regulations (Industrial Loan Commissioner)
Oversees non-bank lenders under the Georgia Industrial Loan Act:
Licensing of small loan companies
Loan contract and interest rate limitations
Recordkeeping and reporting standards
Borrower protections and disclosure rules
🔍 Notable Chapter Groupings (Examples):
120-2: Insurance-specific regulations (e.g., agent licensing, policies)
120-3: Safety Fire rules (e.g., fire marshal codes, building inspections)
120-4: Industrial Loan rules (e.g., consumer loan terms, licensing)
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