Rule 120-2-76-.09 - Agent Activities(1) Only a licensed and appointed agent shall:(a) solicit the sale of insurance or describe the benefits of the insurance contract or otherwise describe the terms of coverage including premiums or rates of return;(b) provide an application, enrollment form or other document by which a purchaser effectuates coverage; or(c) accept an initial premium payment from the insurance purchaser.(2) In connection with the marketing of insurance, employees of a financial institution who are not licensed and appointed as insurance agents shall not:(a) make general or specific recommendations as to insurance products;(b) qualify or screen a purchaser for such products;(c) respond to questions from prospective purchasers regarding insurance products. Any individual seeking general or specific information about insurance products shall be advised as to the location of the licensed agent or otherwise advised as to how the agent may be contacted; or(d) refer to insurance products as any type of deposit product or insured deposit.(3) The licensed and appointed insurance agent shall be identified as an insurance agent on stationery and business cards utilized by the licensee, on other materials provided to the purchaser as well as in any verbal discussions with the purchaser. If the agent is licensed as a securities broker, the additional license may be disclosed on the materials as well as in any verbal discussions with the purchaser regarding insurance products, provided the marketer is also identified as an insurance agent.Ga. Comp. R. & Regs. R. 120-2-76-.09
O.C.G.A. Secs. 33-2-9, 33-6-23, 33-6-12.
Original Rule entitled "Agent Activities" adopted. F. Feb. 18, 1997; eff. Mar. 10, 1997.