PLGeorgiaeasy

What Georgia entity provides basic property insurance to applicants unable to obtain coverage in the voluntary market?

Q: What Georgia entity provides basic property insurance to applicants unable to obtain coverage in the voluntary market?

Georgia Underwriting Association (GUA / Georgia FAIR Plan) — The Georgia Underwriting Association (GUA), commonly called the Georgia FAIR Plan, was created under O.C.G.A. § 33-33-1 et seq. as the state's residual property insurance market. It writes basic property coverage for applicants who cannot obtain it in the voluntary market due to location, condition, or other underwriting factors. The Insolvency Pool pays claims of insolvent insurers, OCISF is the regulator, and the Assigned Risk Plan handles auto, so none of those is the property residual market.

AGeorgia Insurers Insolvency Pool

BOffice of Commissioner of Insurance and Safety Fire

Georgia Underwriting Association (GUA / Georgia FAIR Plan)

DGeorgia Automobile Assigned Risk Plan

Why this is the answer

The Georgia Underwriting Association (GUA), commonly called the Georgia FAIR Plan, was created under O.C.G.A. § 33-33-1 et seq. as the state's residual property insurance market. It writes basic property coverage for applicants who cannot obtain it in the voluntary market due to location, condition, or other underwriting factors. The Insolvency Pool pays claims of insolvent insurers, OCISF is the regulator, and the Assigned Risk Plan handles auto, so none of those is the property residual market.

Studying for the Georgia Personal Lines exam?

This question comes from our PL bank. Take a free practice test — no signup.

Free PL practice test Personal Lines exam guide