Ga. Comp. R. & Regs. R. 120-2-3-.47 - Self Storage Provider
(1) Upon application to the Commissioner on
the required form, a limited license for a self-storage provider shall be
issued provided that:
(a) The self-storage
provider meets the requirements for licensure under Chapter 23 of Title 33 of
the Official Code of Georgia Annotated and this Regulation;
(b) An applicant for licensure must remit the
fee required by O.C.G.A. §
33-8-1.
(2) An 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) A
license is required only for the principal location or home office.
(5) An 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(e).
(6) In order to become an approved
instructor, an instructor's resume must be submitted to the Department with the
application for licensure.
(7) In
lieu of creating a specific course, taught by an approved instructor, for his
or her employees, an applicant may require his or her employees to complete the
property and casualty prelicensing course from an approved entity.
(8) Licenses will be issued on a biennial
basis and will expire December 31 of the end of the biennial term. 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. §
33-8-1 for the renewal of said
license.
(9) Each certificate of
insurance or policy must prominently display the possibility of duplicative
coverage as outlined in 33-23-12(e)(4)(B). This display must be in all capital
letters and 14 point font.
Notes
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