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-.16 - Communication with Customers
Current through Rules and Regulations filed through March 20, 2024
(1) Premium notices, notices of cancellation, renewal notices, statements of values or other communications relating to in-force insurance shall be separated from financial institution account information.
(2) A financial institution shall not provide to an affiliated insurance agency or an insurance agent, insurance policy specific information to be used to solicit or sell the same line or type of insurance to a financial institution customer, unless the customer has authorized such use in writing on a document independent of any other information provided to the customer. This prohibition shall not be applicable to renewal business nor shall it apply when the financial institution must use the information to insure its collateral because the customer has failed to keep the policy in force. A customer's name, address and telephone number shall not be considered insurance policy specific information.
O.C.G.A. Secs. 33-2-9, 33-3-23, 33-6-1.
