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-.05 - Location of Sale of Annuities

Universal Citation: GA Rules and Regs r 80-5-3-.05

Current through Rules and Regulations filed through March 20, 2024

(1) When insurance/annuity agent services are provided on the premises of a financial institution, the insurance/annuity agent and the financial institution have a heightened responsibility to ensure appropriate measures are implemented to clearly segregate and distinguish the insurance/annuity agent services from retail deposit taking operations of the financial institution. Insurance/annuity agent services shall be conducted in a physical location distinct from the area where the financial institution's insured deposits are routinely taken.

(2) No insurance/annuity agent services shall be conducted from the teller area.

O.C.G.A Secs. 7-1-61, 7-1-261(11), 7-1-288.

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