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-.07 - Location for the Sale of Insurance
Current through Rules and Regulations filed through September 23, 2024
(1) If insurance is sold on the premises of a financial institution, the area utilized by an insurance agent for such transactions must be sufficiently segregated and distinct from areas utilized by the financial institution for accepting insured deposits so as to avoid confusion as to the separate identities and activities of the financial institution and the licensed agent.
(2) No insurance agent or employee of the financial institution shall under any circumstances conduct insurance transactions from the teller area. The acceptance of mortgage payments which include insurance escrow payments will not be considered to be conducting an insurance transaction. See DBF Regulation 80-5-4-.05.
O.C.G.A Secs. 33-2-9, 33-3-23.
