Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-26 - FINANCING OF PREMIUMS OF LIFE INSURANCE POLICIES
Rule 120-2-26-.11 - Free Insurance
Universal Citation: GA Rules and Regs r 120-2-26-.11
Current through Rules and Regulations filed through September 23, 2024
(1) Impressions left with the applicant that he will receive the first year's insurance free will be considered an improper presentation of the sales transaction by the agent involved.
(2) Repeated complaints of "free insurance" for the first year shall be considered strong evidence of failure on the part of the agent to clearly explain the note process and its payment.
O.C.G.A. Sec. 33-2-9, Ch. 33-6.
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