Rule 120-2-3-.21 - Agent Certificate of Authority(1) Insurers shall file the appropriate fees and file requests for certificates of authority and terminations of certificates of authority immediately upon the appointment or termination of an agent. The request for a certificate of authority must be submitted within fifteen (15) days from the date the agency contract is executed or the first insurance application is submitted. (a) When filing for a new certificate of authority, the insurer shall notify the agent when the insurer receives confirmation of the issuance of the certificate of authority.(b) The certificate of authority is deemed effective immediately upon the submission of the request by the insurer; however this does not relieve the insurer of the responsibility of verifying that the certificate of authority has actually been issued.(2) The insurer shall affirm that an investigation on the general character of the agent has been made and that the insurer recommends the agent for a certificate of authority. Such investigation shall include a report concerning the general character of the applicant by an agency not affiliated with the insurer. Such investigation shall include a criminal background check. The presence of any criminal charges or dispositions related thereto must be disclosed to the Department.(3) The Commissioner will provide a certificate of authority renewal listing to all insurers annually. The certificate of authority renewal listing will include all eligible licensees appointed with said company by December 31st of the previous year. All insurers shall renew their certificates of authority annually and pay the required fees.Ga. Comp. R. & Regs. R. 120-2-3-.21
O.C.G.A Secs. 33-2-9, 33-8-1, 33-23-26, 33-23-44.
Original Rule entitled "Agent Certificates of Authority Periodic Update" adopted. F. Sept. 10, 1992; eff. Sept. 30, 1992.Amended: F. Aug. 9, 1996; eff. Aug. 29, 1996.Amended: F. July 23, 1998; eff. August 12, 1998.Amended: F. Jan. 14, 2000; eff. Feb. 3, 2000.Repealed: New Rule entitled "Agent Certificate of Authority" adopted. F. Jan. 15, 2003; eff. Feb. 4, 2003.Repealed: New Rule of same title adopted. F. July 16, 2009; eff. August 5, 2009.