Ga. Comp. R. & Regs. R. 120-2-3-.30 - Nonactive License
(1) A nonactive license may be issued to any
agent who:
(a) Is currently licensed as an
agent;
(b) Has held a license
continuously for ten (10) years or more and does not perform any of the
functions specified in O.C.G.A. §
33-23-1(a)(3)
other than the receipt of renewal or deferred
commissions.
(c) Files a written
request with the Commissioner, accompanied by all required license amendment
fees, which states the agent's name, license number, and contains a statement
from the agent acknowledging that the agent meets eligibility requirements as
set forth in O.C.G.A. §§
33-23-4(f),
33-23-18(e), and
subparagraph (1)(b) of this section.
(2) The agent must return the current license
at the time of the request and a new license, indicating the nonactive
designation, will be issued.
(3)
The nonactive licensee must file for renewal and pay all renewal fees
annually.
(4) Failure to file for
renewal annually may result in the revocation of the nonactive license or other
administrative action. The Commissioner will notify the licensee in writing
that the required filing has not been received or is deficient in some manner.
If a correct filing, along with the appropriate late fee and/or administrative
fine is not received within thirty (30) days of such notice, the license will
be noncontinued. If an individual fails to file for late renewal reinstatement
prior to one (1) year from the expiration date and seeks to be relicensed at a
later date, the licensee will be required to reapply for the license, including
satisfying all prelicensing requirements. At the discretion of the
Commissioner, exceptions may be made in the event of extreme
hardship.
(5) If a nonactive agent
will perform any of the functions specified in O.C.G.A. §
33-23-1(a)(3)
other than the receipt of renewal or deferred
commissions, said agent must obtain prior approval from the Commissioner by
making proper application as required in Rule
120-2-3-.07.
(a) No examination shall be required for the
issuance of such license.
(b) No
prelicensing education shall be required for the issuance of such
license.
(6) Upon
reissuance of the license, the agent will be subject to all certificate of
authority and continuing education requirements for the year in which the
license became active.
Notes
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