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 120-2-75 - REGULATION OF PROVIDER SPONSORED HEALTH CARE CORPORATIONS
Rule 120-2-75-.08 - Regulation of Agents
Current through Rules and Regulations filed through September 23, 2024
(1) An agent representing a provider sponsored health care corporation must comply with all of the requirements for a life, accident and sickness agent in O.C.G.A. § 33-23-1et seq. and have a current license and certificate of authority to represent the health care corporation.
(2) The provider sponsored health care corporation must comply with the provisions of O.C.G.A. § 33-23-26 with regard to obtaining a certificate of authority for each agent representing the provider sponsored health care corporation as required by O.C.G.A. § 33-23-26(d), filing a certified listing of agents whose certificates of authority are to be renewed along with the appropriate fees, and maintaining a list of authorized agents as required in O.C.G.A. § 33-23-26(d).
(3) All provider sponsored health care corporation agents shall act in a fiduciary capacity in regard to monies collected or held by such agent.
O.C.G.A. Secs. 33-2-9, 33-23-26.
