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 120-2-76 - SALE OF INSURANCE BY FINANCIAL INSTITUTIONS
Rule 120-2-76-.04 - Financial Institutions Registering as an Agency
Current through Rules and Regulations filed through March 20, 2024
(1) The conduct of insurance transactions in association with a financial institution shall be subject to the requirements of O.C.G.A. § 33-23-3 and Georgia Insurance Department Regulation 120-2-3-.05.
(2) Each financial institution where a licensed and appointed insurance agent is engaged in transactions with respect to insurance products shall be considered an insurance agency for purposes of O.C.G.A. § 33-23-3 and must register with this Department pursuant to Georgia Regulation Chapter 120-2-3-.05 using Form GID 130FI.
(3) GID Form 423FI must identify all locations or branches from which insurance will be sold.
O.C.G.A. Secs. 33-2-9, 33-3-23, 33-23-3.
