Ga. Comp. R. & Regs. R. 120-2-3-.40 - Resident Temporary License
(1) In order to be eligible for any resident
temporary insurance license issued in accordance with Chapter 23 of Title 33 of
the Official Code of Georgia Annotated and this Regulation, the applicant must
make proper application to the Commissioner and pay all required
fees.
(2) The application process
shall include the following:
(a) The
application process shall include sponsorship by an insurer licensed to do
business in this state unless applicant is for a temporary hardship license.
Prior to issuance of the license, the sponsor shall agree to appoint the
applicant as a representative of the company. The sponsor shall affirm that an
investigation of the general character of the applicant has been conducted by
an agency not affiliated with the insurer and that the sponsor recommends the
applicant for a license. Such investigation shall include a criminal background
check;
(b) Effective January 1,
2010, all new applicants, excluding active licensees and individuals that apply
for reinstatement within 6 months of expiration date, shall be required to
submit electronic fingerprints through a vendor selected by the Department for
a criminal background check. The applicant shall bear the cost for electronic
fingerprinting;
(c) The name and
license number of the supervising resident agent for the temporary
licensee.
(3) The
temporary license is valid for a period of six (6) months from original issue
date and renewable thereafter for three (3) month periods. In no instance,
however, shall the licensee hold a temporary license beyond fifteen (15) months
from the original issue date. This continuous fifteen (15) month eligibility
period is not altered by lapses or changes in sponsoring insurers. The
applicant is eligible for only one fifteen (15) month temporary license in the
same lines of authority.
(4) If an
individual chooses to change sponsoring insurers, the application process must
be completed by the applicant and the new sponsoring insurer.
(5) Renewal of a temporary license may be
requested by filing the required application and the required fees with the
Commissioner.
(6) Upon receipt of
proof of a temporary licensee's completion of the required prelicensing course
and passing prelicensing examination as set forth in Rules
120-2-3-.08 and
120-2-3-.09, an agent license
(non-temporary) shall be issued.
Notes
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