Rule 120-2-71-.04. Financial Institutions Registering as an Agency
- (1) The conduct of annuity transactions in association with a financial institution shall be subject to the requirements of O.C.G.A. § 33-23-3 and Georgia Insurance Department Regulation 120-2-3-.05.
- (2) Each financial institution where a licensed and appointed insurance/annuity agent is engaged in transactions with respect to annuity products shall be considered an insurance agency for purposes of O.C.G.A. § 33-23-3 and must register with this Department pursuant to Georgia Regulation Chapter 120-2-3-.05 using Form GID 130FI.
- (3) GID Form 323FI must identify all locations or branches from which annuities will be sold.
Authority: O.C.G.A. Secs. 33-2-9, 33-3-23, 33-23-3.
History. Original Rule entitled "Financial Institutions Registering as an Agency" adopted. F. Jul. 19, 1996; eff. Aug. 8, 1996.