MEMORANDUM   
 
TO: EXCESS INSURANCE CARRIERS
 
FROM: JACK REALE, ADMINISTRATOR  

RE: CHANGE REGARDING EXCESS INSURANCE POLICIES 

DATE: APRIL 11, 2007    

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In light of numerous questions regarding compliance by our membership with the Fund’s requirement for submission of excess insurance, it has been decided that a revision to our current procedures is in order. The changes, to be implemented on a going forward basis, are outlined below.  

1. Our previous procedure allowed for the acceptance of certificates of insurance issued by brokers and underwriters. This practice is no longer acceptable. From now on, the only acceptable proof of excess insurance will be a copy of the actual insurance policy or declaration page issued by the respective insurance company.  

2. Also, the Georgia Self-Insurers Guaranty Trust Fund must be listed as an additional named insured so that we are notified when a policy is being cancelled. There will be no exceptions to this requirement.  

3. These changes are effective by the next renewal of your excess policy.      


cc: Steve Manders, Department of Insurance (via email) Kathy Oliver, State Board of Workers’ Compensation (via email)          

1776980/1 0708-16211