Rule 120-2-76-.04. Financial Institutions Registering as an Agency

(1) The conduct of insurance 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 agent is engaged in transactions with respect to insurance 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 423FI must identify all locations or branches from which insurance will be sold. Cite as Ga. Comp. R. & Regs. R. 120-2-76-.04
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. Feb. 18, 1997; eff. Mar. 10, 1997.