Ga. Comp. R. & Regs. r. 80-11-4-.01
Rule 80-11-4-.01. Sufficiency of Financial Resources
Every applicant for a license shall demonstrate to the Department that such applicant has sufficient financial resources in the form of capital, net worth, and liquidity to satisfy the requirements of O.C.G.A. § 7-1-1022. Sufficiency of financial resources shall be determined through financial analysis by the Department of pro-forma and historical financial information of the applicant, including, but not limited to, financial statements, as required by O.C.G.A. § 7-1-1010, for the most recent fiscal year and the previous two years or, if determined to be acceptable by the Department for a more recently formed entity, certified unaudited financial statements for the most recent fiscal year or other relevant period.
Authority: O.C.G.A. §§ 7-1-61, 7-1-1010, 7-1-1012, 7-1-1022.
History. Original Rule entitled "Experience and Education Requirements" adopted. F. June 8, 2000; eff. June 28, 2000.
Amended: F. Sept. 1, 2004; eff. Sept. 21, 2004.
Repealed: New Rule entitled "Initial Experience and Education Requirements; Continuing Education" adopted. F. Aug. 15, 2005; eff. Sept. 4, 2005.
Amended: F. Aug. 22, 2006; eff. Sept. 11, 2006.
Amended: F. Dec. 15, 2008; eff. Jan. 4, 2009.
Amended: F. Aug. 17, 2009; eff. Sept. 6, 2009.
Amended: F. Aug. 2, 2011; eff. Aug. 22, 2011.
Amended: F. June 15, 2015; eff. July 5, 2015.
Repealed: F. June 20, 2016; eff. July 10, 2016.
Adopted: New Rule entitled "Sufficiency of Financial Resources." F. June 18, 2025; eff. July 8, 2025.