Rule 120-2-71-.04 - Financial Institutions Registering as an Agency(1) The conduct of annuity 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/annuity agent is engaged in transactions with respect to annuity 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 323FI must identify all locations or branches from which annuities will be sold.Ga. Comp. R. & Regs. R. 120-2-71-.04
O.C.G.A. Secs. 33-2-9, 33-3-23, 33-23-3.
Original Rule entitled "Financial Institutions Registering as an Agency" adopted. F. Jul. 19, 1996; eff. Aug. 8, 1996.