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Georgia State Code
Title      33
Chapter      23  
Section Navigation     1 ... 9          10 ... 19    
      20 ... 29         30 ... 39    
    40 ... 103       104 ... 105     
Section<<< 20 21 22 23 24 25 26 27 28 29 >>>  
Title 33, Chapter 23, Section 26 (33-23-26)

(a) Each insurer authorized to transact insurance in this state shall obtain an agent's certificate of authority for each agent representing such insurer in the solicitation of, negotiation for, procurement of, or making of contracts of insurance in this state. For the purposes of this subsection, the insurer will be deemed to have obtained a certificate of authority for its designated agent seven working days after the date of mailing of the request for such certificate to the Commissioner by at least first-class mail; provided, however, that the initial certificate of authority for an applicant for licensure shall not become effective until the date such applicant is finally granted a license by the Commissioner.

(b) All agent's certificates of authority shall be renewed by the insurer on or before January 1 of each year.

(c) The fee for each agent's certificate of authority or renewal or duplicate thereof shall be as provided in Code Section 33-8-1.

(d)(1) On or before January 1 of each year every insurer shall file with the Commissioner in such form and manner as the Commissioner may prescribe a certified listing of all of its agents whose certificates of authority are to be renewed for the coming year and shall remit payment to the Commissioner for the appropriate fees.

(2) Each insurer shall also be required to maintain and update periodically its listing of authorized agents filed with the Commissioner in such form and manner as may be prescribed by the Commissioner.

(e) If an agent's certificate of authority is terminated, the insurer promptly shall give written notice of said termination and the effective date of the termination to the Commissioner and to the agent where reasonably possible. The Commissioner may also require the insurer to demonstrate to the satisfaction of the Commissioner that the insurer has made a reasonable effort to give notice to the agent.

(f) All notices of termination shall be filed with the Commissioner in such form and manner as the Commissioner shall prescribe by rule or regulation.

Tuesday October 7 02:29 CDT


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