Rule 590-9-2-.06 - Reporting of Occurrences(1) Every paid solicitor shall report immediately to the Secretary of State the occurrence of any of the following events:(a) any instance in which such paid solicitor is unable to meet a financial obligation as it matures; or(b) the occurrence of any event which materially increases the probability that the paid solicitor will be unable to meet its obligations as they mature.(2) the report provided for in (1) above shall be accomplished by the most accurate statement of financial conditions which is currently available to such paid solicitor which shall be supplemented, as soon as possible, by a report containing the financial information required by the Act and such additional information as may be required by the Secretary of State.(3) Every paid solicitor shall immediately report to the Secretary of State the occurrence of any of the following: (a) the initiation of any disciplinary, administrative, civil or criminal action against such paid solicitor or any principal officer or control person of any paid solicitor by any national organization of paid solicitors, or any state or federal agency; or(b) the receipt of service of process in any civil complaint alleging fraud or any violation of any state or federal law filed against such paid solicitor or any principal officer or control person of any paid solicitor if such civil action involves any of the following: 1. plaintiffs who were residents of the State of Georgia at the time of the alleged violations;2. alleged violations which occurred within or from the State of Georgia;3. a civil action filed in a state or federal court located in the State of Georgia; or4. a civil action which has a material connection with a person or property located in the State of Georgia.(4) The report provided for in (3) above shall be accompanied by a copy of any notice, order, pleading, indictment, accusation, or similar legal document which such paid solicitor has received in the case.Ga. Comp. R. & Regs. R. 590-9-2-.06
O.C.G.A. Secs. 43-17-3, 43-17-10.
Original Rule entitled "Supervision of Employees" adopted as ER. 590-9-2-0.13-.06. F. and eff. July 1, 1988, the date of adoption.Amended: Permanent Rule of same title adopted. F. Oct. 7, 1988; eff. Nov. 1, 1988, as specified by the Agency.Repealed: New Rule entitled "Reporting of Occurrences" adopted. F. Feb. 26, 2004; eff. Mar. 17, 2004.