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-.40 - Resident Temporary License

Universal Citation: GA Rules and Regs r 120-2-3-.40

Current through Rules and Regulations filed through March 20, 2024

(1) In order to be eligible for any resident temporary insurance license issued in accordance with Chapter 23 of Title 33 of the Official Code of Georgia Annotated and this Regulation, the applicant must make proper application to the Commissioner and pay all required fees.

(2) The application process shall include the following:

(a) The application process shall include sponsorship by an insurer licensed to do business in this state unless applicant is for a temporary hardship license. Prior to issuance of the license, the sponsor shall agree to appoint the applicant as a representative of the company. The sponsor shall affirm that an investigation of the general character of the applicant has been conducted by an agency not affiliated with the insurer and that the sponsor recommends the applicant for a license. Such investigation shall include a criminal background check;

(b) Effective January 1, 2010, all new applicants, excluding active licensees and individuals that apply for reinstatement within 6 months of expiration date, shall be required to submit electronic fingerprints through a vendor selected by the Department for a criminal background check. The applicant shall bear the cost for electronic fingerprinting;

(c) The name and license number of the supervising resident agent for the temporary licensee.

(3) The temporary license is valid for a period of six (6) months from original issue date and renewable thereafter for three (3) month periods. In no instance, however, shall the licensee hold a temporary license beyond fifteen (15) months from the original issue date. This continuous fifteen (15) month eligibility period is not altered by lapses or changes in sponsoring insurers. The applicant is eligible for only one fifteen (15) month temporary license in the same lines of authority.

(4) If an individual chooses to change sponsoring insurers, the application process must be completed by the applicant and the new sponsoring insurer.

(5) Renewal of a temporary license may be requested by filing the required application and the required fees with the Commissioner.

(6) Upon receipt of proof of a temporary licensee's completion of the required prelicensing course and passing prelicensing examination as set forth in Rules 120-2-3-.08 and 120-2-3-.09, an agent license (non-temporary) shall be issued.

O.C.G.A. Secs. 33-2-9, 33-8-1, 33-23-5, 33-23-5.1, 33-23-8, 33-23-10, 33-23-13, 33-23-44.

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