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 80-5-4 - REGULATIONS REGARDING THE SALE OF INSURANCE BY FINANCIAL INSTITUTIONS
Rule 80-5-4-.09 - Activities of Licensed Agents; Bank Personnel

(1) Solicitation and sale of insurance products in association with a financial institution may be provided only by state licensed and regulated insurance agents. Unlicensed employees of the insurance agent or financial institution may, however, provide clerical or ministerial assistance. Unlicensed employees of the financial institution may refer customers of the financial institution interested in the purchase of insurance products to the appropriate agent in the financial institution or may inform the customer how to reach the agent.

(2) Except as permitted by these regulations, an unlicensed employee of the financial institution shall not discuss or promote insurance products or respond to questions about such products.