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-.39 - Retail Vendors of Portable Electronics Limited License

(1) Upon application to the Commissioner on the required form, a limited license for retail vendors of portable electronics shall be issued provided that:

(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) No continuing education is required.

(5) A license is required only for the principal location or home office.

(6) 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(d)(5).

(7) An instructor and the prelicensing training program must be approved by the Department prior to making application for licensure.

(8) To request approval, an applicant must submit a course outline and the instructor's resume to the Department.

(9) In lieu of creating a specific course, taught by an approved instructor, for his or her employees, an applicant may require their employees to complete the property and casualty prelicensing course from an approved provider.

(10) All licenses issued prior to July 1, 2102 expire on December 31 of the year issued. All licenses issued July 1, 2012, and thereafter are 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. § 33-8-1 for the renewal of said license.