Compilation of Rules and Regulations of the State of Georgia
Department 80 - RULES OF DEPARTMENT OF BANKING AND FINANCE
Chapter 80-5 - FINANCIAL INSTITUTIONS
Subject 80-5-3 - REGULATIONS REGARDING THE SALE OF ANNUITIES BY FINANCIAL INSTITUTIONS
Rule 80-5-3-.03 - Licensure of Agents and Agency
Universal Citation: GA Rules and Regs r 80-5-3-.03
Current through Rules and Regulations filed through March 20, 2024
(1) A financial institution that intends to sell annuities either through an independent agent or through its own licensed employees shall be considered an Agency under Department of Insurance Regulation § 120-2-71-.04 and must meet any requirements of that Regulation Chapter
(2) Any individual who solicits, sells or markets annuities in association with a financial institution located in Georgia must be licensed as an insurance/annuity agent by the Department of Insurance.
O.C.G.A. Secs. 7-1-61, 7-1-261(11), 7-1-288.
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