Ga. Comp. R. & Regs. R. 120-2-3-.21 - Agent Certificate of Authority
(1) Insurers shall file the appropriate fees
and file requests for certificates of authority and terminations of
certificates of authority immediately upon the appointment or termination of an
agent. The request for a certificate of authority must be submitted within
fifteen (15) days from the date the agency contract is executed or the first
insurance application is submitted.
(a) When
filing for a new certificate of authority, the insurer shall notify the agent
when the insurer receives confirmation of the issuance of the certificate of
authority.
(b) The certificate of
authority is deemed effective immediately upon the submission of the request by
the insurer; however this does not relieve the insurer of the responsibility of
verifying that the certificate of authority has actually been issued.
(2) The insurer shall affirm that
an investigation on the general character of the agent has been made and that
the insurer recommends the agent for a certificate of authority. Such
investigation shall include a report concerning the general character of the
applicant by an agency not affiliated with the insurer. Such investigation
shall include a criminal background check. The presence of any criminal charges
or dispositions related thereto must be disclosed to the Department.
(3) The Commissioner will provide a
certificate of authority renewal listing to all insurers annually. The
certificate of authority renewal listing will include all eligible licensees
appointed with said company by December 31st of the previous year. All insurers
shall renew their certificates of authority annually and pay the required
fees.
Notes
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