Ga. Comp. R. & Regs. 120-2-76-.16

Current through Rules and Regulations filed through October 29, 2024
Rule 120-2-76-.16 - Communication with Customers
(1) Premium notices, notices of cancellation, renewal notices, statements of values or other communications relating to in-force insurance shall be separated from financial institution account information.
(2) A financial institution shall not provide to an affiliated insurance agency or an insurance agent, insurance policy specific information to be used to solicit or sell the same line or type of insurance to a financial institution customer, unless the customer has authorized such use in writing on a document independent of any other information provided to the customer. This prohibition shall not be applicable to renewal business nor shall it apply when the financial institution must use the information to insure its collateral because the customer has failed to keep the policy in force. A customer's name, address and telephone number shall not be considered insurance policy specific information.

Ga. Comp. R. & Regs. R. 120-2-76-.16

O.C.G.A. Secs. 33-2-9, 33-3-23, 33-6-1.

Original Rule entitled "Communication with Customers" adopted. F. Feb. 18, 1997; eff. Mar. 10, 1997.