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 120-2-3 - REGULATIONS REGARDING AGENTS, SUBAGENTS, COUNSELORS, ADJUSTERS, SURPLUS LINES BROKERS, AND AGENCIES
Rule 120-2-3-.06 - Kinds of Licenses Issued

Universal Citation: GA Rules and Regs r 120-2-3-.06

Current through Rules and Regulations filed through September 23, 2024

(1) Agent and agency licenses will be issued in the following categories:

(a) Life - insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income.

(b) Accident and sickness - insurance coverage for sickness, bodily injury or accidental death and may include benefits for disability income.

(d) Casualty - insurance coverage against legal liability, including that for death, injury or disability or damage to real or personal property; also includes surety.

(e) Variable products - insurance coverage provided under variable life and variable annuity contracts.

(f) Personal lines - property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes.

(g) Credit - limited line credit insurance.

(h) Any other line of insurance permitted by Georgia law or regulation.

(2) A limited subagent license may be issued in accordance with Rules 120-2-3-.29 and 120-2-3-.31.

(3) Other licenses may be issued as follows:

(a) Adjuster license for the following categories that are not exempt from the definition of adjuster pursuant to the Official Code of Georgia Annotated § 33-23-1(a)(1):

1. Adjuster - an adjuster who works on behalf of an insurer and/ or an adjusting firm whose licensure is limited to property and casualty. An adjuster may not represent an insured individual.

2. Public adjuster - an adjuster who works on behalf of insured individuals and whose licensure is limited to property and casualty. A public adjuster may not represent an insurer.

3. Workers' Compensation adjuster - an adjuster whose scope of licensure is limited to Workers' Compensation insurance. A workers' compensation adjuster may not represent an insured individual.

4. Crop hail adjuster - an adjuster whose scope of licensure is limited to crop hail and multi-peril crop insurance. A crop hail adjuster may not represent an insured.

(b) Counselor license for the following categories:

1. Counselor license limited to property and casualty.

2. Counselor license limited to life, accident and sickness.

3. Limited Health Counselor License limited to accident and sickness.

1. May be issued for any category or combination of categories listed under Paragraph (1) of this Section except for credit and variable products.

2. May only be issued in compliance with O.C.G.A. § 33-23-13.

(d) Nonresident license:

1. May be issued for any category or categories listed under Paragraph (1) of this Section.

2. May not be granted authority for any line or limited line of insurance not granted under the license held pursuant to the laws of the state of residence except as provided for in O.C.G.A. § 33-23-16(h).

(e) Nonactive agent license - the type of license described in O.C.G.A. §§ 33-23-4(f) and 33-23-18(e).

(f) Surplus line brokers.

(g) Other limited licenses as provided in this Regulation.

O.C.G.A. §§ 33-2-9, 33-23-1, 33-23-3, 33-23-4, 33-23-11 to 33-23-13, 33-23-16, 33-23-18, 33-23-37.

Disclaimer: These regulations may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

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