Rule 120-2-3-.45 - Rental Company License(1) Upon application to the Commissioner on the required form, a limited license for rental companies shall be issued provided that: (a) The rental company meets the requirements for licensure under Chapter 23 of Title 33 of the Official Code of Georgia Annotated and this Regulation;(b) Each applicant for licensure must remit the fee required by O.C.G.A. § 33-8-1.(2) The applicant is not required to be sponsored by an insurer for licensure nor are they required to obtain a certificate of authority.(3) No examination is required.(4) The license is required for the principal location or home office only.(5) The applicant is required to certify that all employees have received basic training as to the types of insurance products specified in O.C.G.A. § 33-23-12(c)(5). (a) The instructor and prelicensing training program must be approved by the Department prior to making application for licensure;(b) To request approval, the applicant must submit a course outline and instructor resume to the Department;(c) In lieu of creating a specific course for their employees, applicants may require their employees to complete the property and casualty prelicensing course from an approved entity.(6) All licenses issued prior to July 1, 2012 expire December 31 of the year issued. Effective July 1, 2012, all new licenses will be issued on a biennial basis. Licensees are required to renew the license prior to expiration on forms prescribed by the Commissioner and remit a fee required by O.C.G.A. § 33-8-1 for renewal of said license.(a) As part of the renewal application, the licensee will certify that each employee has received two (2) hours of continuing education training relative to the types of insurance offered by said company;(b) The instructor and continuing education courses must be approved by the Department prior to making application for renewal;(c) To request approval, the applicant must submit a course outline and instructor resume to the Department;(d) In lieu of creating a specific course for their employees, applicants may require their employees to complete the two hours from approved property and casualty continuing education course provider.Ga. Comp. R. & Regs. R. 120-2-3-.45
O.C.G.A. Secs. 33-2-9, 33-23-12, 33-23-18, 33-23-44.
Original Rule entitled "Severability" adopted. F. Aug. 9, 1996; eff. Aug. 29, 1996.Repealed: New Rule entitled "Violations" adopted. F. July 23, 1998; eff. August 12, 1998.Repealed: New Rule entitled "Rental Company License" adopted. F. Jan. 14, 2000; eff. Feb. 3, 2000.Repealed: New Rule of same title adopted. F. Jan. 15, 2003; eff. Feb. 4, 2003.Repealed: New Emergency Rule adopted. F. Jun. 28, 2012; eff. Jun. 28, 2012, as specified by the agency.Repealed: New Rule of same title adopted. F. Sep. 10, 2012; eff. Sept. 30, 2012.