Ga. Comp. R. & Regs. R. 120-2-3-.45 - Rental Company License
(1) Upon application to the Commissioner on
the required form, a limited license for rental companies shall be issued
provided that:
(a) The rental company meets
the requirements for licensure under Chapter 23 of Title 33 of the Official
Code of Georgia Annotated and this Regulation;
(b) Each applicant for licensure must remit
the fee required by O.C.G.A. §
33-8-1.
(2) The applicant is not required to be
sponsored by an insurer for licensure nor are they required to obtain a
certificate of authority.
(3) No
examination is required.
(4) The
license is required for the principal location or home office only.
(5) The applicant is required to certify that
all employees have received basic training as to the types of insurance
products specified in O.C.G.A. §
33-23-12(c)(5).
(a) The instructor and prelicensing training
program must be approved by the Department prior to making application for
licensure;
(b) To request approval,
the applicant must submit a course outline and instructor resume to the
Department;
(c) In lieu of creating
a specific course for their employees, applicants may require their employees
to complete the property and casualty prelicensing course from an approved
entity.
(6) All licenses
issued prior to July 1, 2012 expire December 31 of the year issued. Effective
July 1, 2012, all new licenses will be issued on a biennial basis. Licensees
are required to renew the license prior to expiration on forms prescribed by
the Commissioner and remit a fee required by O.C.G.A. §
33-8-1for renewal of said license.
(a) As part of the renewal application, the
licensee will certify that each employee has received two (2) hours of
continuing education training relative to the types of insurance offered by
said company;
(b) The instructor
and continuing education courses must be approved by the Department prior to
making application for renewal;
(c)
To request approval, the applicant must submit a course outline and instructor
resume to the Department;
(d) In
lieu of creating a specific course for their employees, applicants may require
their employees to complete the two hours from approved property and casualty
continuing education course provider.
Notes
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