Rule 120-2-76-.07 - Location for the Sale of Insurance(1) If insurance is sold on the premises of a financial institution, the area utilized by an insurance agent for such transactions must be sufficiently segregated and distinct from areas utilized by the financial institution for accepting insured deposits so as to avoid confusion as to the separate identities and activities of the financial institution and the licensed agent.(2) No insurance agent or employee of the financial institution shall under any circumstances conduct insurance transactions from the teller area. The acceptance of mortgage payments which include insurance escrow payments will not be considered to be conducting an insurance transaction. See DBF Regulation 80-5-4-.05.Ga. Comp. R. & Regs. R. 120-2-76-.07
O.C.G.A Secs. 33-2-9, 33-3-23.
Original Rule entitled "Location for the Sale of Insurance" adopted. F. Feb. 18, 1997; eff. Mar. 10, 1997.