Ga. Comp. R. & Regs. R. 120-2-3-.07 - Resident Agent License Requirements
(1) In order to be eligible for any resident
agent insurance license issued in accordance with Chapter 23 of Title 33 of the
Official Code of Georgia Annotated and this Regulation, the applicant must make
proper application to the Commissioner and pay all required fees.
(2) New applicants, excluding active
licensees and individuals that apply for reinstatement within 6 months of
expiration date, shall be required to submit electronic fingerprints through a
vendor selected by the Department for a criminal background check. The
applicant shall bear the cost for electronic fingerprinting.
(3) The resident agent applicant must
complete an approved prelicensing course unless specifically exempted by
Chapter 23 of Title 33 of the Official Code of Georgia Annotated or this
Regulation. All prelicensing courses must contain a minimum of twenty (20)
hours of instruction per major line of authority; the major lines are
(a) Life;
(b) Accident and Sickness;
(c) Property;
(d) Casualty; and
(e) Personal Lines.
(4) The applicant must pass the required
examination for licensure within 12 months of the completion of the
prelicensing course. All applicants must apply for licensure within 12 months
from receiving a passing grade on the examination.
(5) Exceptions to the 20 hour prelicensing
course requirements:
(a) Applicants for
licenses in lines or sublines of property or casualty insurance who hold the
designation of Chartered Property and Casualty Underwriter (CPCU), Certified
Insurance Counselor (CIC), Certified Insurance Representative (CISR), Certified
Risk Manager (CRM);
(b) Applicants
for licenses in the lines or sublines of life or health insurance who hold the
designation of Chartered Life Underwriter (CLU) or Fellow Life Management
Institute (FLMI);
(c) Applicants
for temporary licenses;
(d)
Applicants for credit insurance agent licenses;
(e) Applicants who provide satisfactory
evidence such as a transcript from a college or university indicating
successful completion of two (2) college or university courses related to
insurance. Such courses must relate to the lines of authority for which the
Applicant has applied;
(f)
Applicants who hold college degrees in insurance;
(g) Applicants who qualify for exemption
under O.C.G.A. §§
33-23-5(a)(5)(A)
and 33-23-5(a)(5)(B);
(h) Applicants for agent licenses as
referenced in Rules
120-2-3-.23,
.29,
.32,
.41, and
.44 of this Regulation
Chapter;
(i) Other applicants as
the Commissioner at his discretion may determine.
(6) Upon issuance of the agent license, the
licensee must obtain a certificate of authority from each insurer that they
will represent.
Notes
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