120-2-71-.13

Ga. Comp. R. & Regs. r. 120-2-71-.13

Compensation of Agents

Effective Aug 8, 1996Published Jul 19, 1996O.C.G.A. Secs. 33-2-9, 33-3-23, 33-23-4.OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER

Rule 120-2-71-.13. Compensation of Agents

Licensed independent agents may be paid by an insurer for their activities in connection with the sale of annuities. The insurers and agent shall independently determine the terms of the agent contract including compensation.

Authority: O.C.G.A. Secs. 33-2-9, 33-3-23, 33-23-4.

History. Original Rule entitled "Compensation of Agents" adopted. F. Jul. 19, 1996; eff. Aug. 8, 1996.