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 120-2-71 - SALE OF ANNUITIES BY FINANCIAL INSTITUTIONS
Rule 120-2-71-.03 - Notification to Department of Intent to Sell Annuities In or Through Financial Institutions
Universal Citation: GA Rules and Regs r 120-2-71-.03
Current through Rules and Regulations filed through September 23, 2024
(1) Prior to marketing annuities, a financial institution shall provide notification to the Department of Insurance on Form GID 323FI and a copy to the Department of Banking and Finance (DBF). Such report shall:
(a) Identify any financial institution location where an insurance/annuity agent will be physically present. Each branch must be identified specifically in the registration;
(b) Acknowledge that the financial institution has read and understands these rules; and
(c) Identify any insurance company and the policy form numbers of the annuities which will be marketed in association with the financial institution.
(2) An Amended Form shall be filed within thirty (30) days if there is a change in any information previously submitted to the Department.
O.C.G.A. Secs. 33-2-9, 33-3-23.
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