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-.30 - Nonactive License

(1) A nonactive license may be issued to any agent who:

(2) The agent must return the current license at the time of the request and a new license, indicating the nonactive designation, will be issued.

(3) The nonactive licensee must file for renewal and pay all renewal fees annually.

(4) Failure to file for renewal annually may result in the revocation of the nonactive license or other administrative action. The Commissioner will notify the licensee in writing that the required filing has not been received or is deficient in some manner. If a correct filing, along with the appropriate late fee and/or administrative fine is not received within thirty (30) days of such notice, the license will be noncontinued. If an individual fails to file for late renewal reinstatement prior to one (1) year from the expiration date and seeks to be relicensed at a later date, the licensee will be required to reapply for the license, including satisfying all prelicensing requirements. At the discretion of the Commissioner, exceptions may be made in the event of extreme hardship.

(5) If a nonactive agent will perform any of the functions specified in O.C.G.A. § 33-23-1(a)(3) other than the receipt of renewal or deferred commissions, said agent must obtain prior approval from the Commissioner by making proper application as required in Rule 120-2-3-.07.

(6) Upon reissuance of the license, the agent will be subject to all certificate of authority and continuing education requirements for the year in which the license became active.