Rule 120-2-2-.60 - Surplus Lines Brokers Licenses(1) Any person, while licensed as a resident agent or broker as to Property, Casualty and Surety insurance, and who is deemed by the Commissioner to be competent and trustworthy, may be licensed as a surplus lines broker. The applicant shall submit a completed form GID-109, entitled "Surplus Lines Broker License Application", attached hereto as "Exhibit J", and incorporated herein.(2) The applicant shall enter his name and license number as it appears on his current license, his business and residence addresses, and the type license he holds (whether agent or broker). He must also certify that he has read and understands the Surplus Lines Insurance Law (Sections 56-613 through 56-628 of the Georgia Insurance Code). Applicant shall date and sign the application and have his signature notarized. Applicant must submit with his application a $20,000 Surplus Lines Brokers Bond form GID-114.(3) Upon receipt of the completed application, the $20,000 bond and the required $300 license fee as provided in Section 56-618 and 56-1301 of the Georgia Insurance Code, if qualified therefor, the applicant will be issued a Surplus Lines Broker's license.(4) Application forms GID-109 and bond forms GID-114, used for procuring surplus lines broker's licenses, may be obtained by submitting a request to the Georgia Insurance Department, Agents Licensing Division, Room 132, State Capitol Building, Atlanta, Georgia.Ga. Comp. R. & Regs. R. 120-2-2-.60
O.C.G.A. § 33-2-9et seq.
Original Rule entitled "Surplus Lines Brokers Licenses" adopted. F. Dec. 13, 2019; eff. Jan. 1, 2020, as specified by the Agency.