Ga. Comp. R. & Regs. R. 120-2-3-.06 - Kinds of Licenses Issued
(1) Agent and agency licenses will be issued
in the following categories:
(a) Life -
insurance coverage on human lives including benefits of endowment and
annuities, and may include benefits in the event of death or dismemberment by
accident and benefits for disability income.
(b) Accident and sickness - insurance
coverage for sickness, bodily injury or accidental death and may include
benefits for disability income.
(c)
Property - insurance coverage for the direct or consequential loss or damage to
property of every kind.
(d)
Casualty - insurance coverage against legal liability, including that for
death, injury or disability or damage to real or personal property; also
includes surety.
(e) Variable
products - insurance coverage provided under variable life and variable annuity
contracts.
(f) Personal lines -
property and casualty insurance coverage sold to individuals and families for
primarily noncommercial purposes.
(g) Credit - limited line credit
insurance.
(h) Any other line of
insurance permitted by Georgia law or regulation.
(3) Other licenses may be issued as follows:
(a) Adjuster license for the following
categories that are not exempt from the definition of adjuster pursuant to the
Official Code of Georgia Annotated §
33-23-1(a)(1):
1. Adjuster - an adjuster who works on behalf
of an insurer and/ or an adjusting firm whose licensure is limited to property
and casualty. An adjuster may not represent an insured individual.
2. Public adjuster - an adjuster who works on
behalf of insured individuals and whose licensure is limited to property and
casualty. A public adjuster may not represent an insurer.
3. Workers' Compensation adjuster - an
adjuster whose scope of licensure is limited to Workers' Compensation
insurance. A workers' compensation adjuster may not represent an insured
individual.
4. Crop hail adjuster -
an adjuster whose scope of licensure is limited to crop hail and multi-peril
crop insurance. A crop hail adjuster may not represent an insured.
(b) Counselor license for the
following categories:
1. Counselor license
limited to property and casualty.
2. Counselor license limited to life,
accident and sickness.
3. Limited
Health Counselor License limited to accident and sickness.
(c) Temporary agent license:
1. May be issued for any category or
combination of categories listed under Paragraph (1) of this Section except for
credit and variable products.
2.
May only be issued in compliance with O.C.G.A. §
33-23-13.
(d) Nonresident license:
1. May be issued for any category or
categories listed under Paragraph (1) of this Section.
2. May not be granted authority for any line
or limited line of insurance not granted under the license held pursuant to the
laws of the state of residence except as provided for in O.C.G.A. §
33-23-16(h).
(e) Nonactive agent license - the
type of license described in O.C.G.A. §§
33-23-4(f) and
33-23-18(e).
(f) Surplus line brokers.
(g) Other limited licenses as provided in
this Regulation.
Notes
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