Rule 80-5-4-.05 - Location of Sale of Insurance(1) When insurance agent services are provided on the premises of a financial institution, the insurance agent and the financial institution have a heightened responsibility to ensure appropriate measures are implemented to clearly segregate and distinguish the insurance agent services from retail deposit taking operations of the financial institution. Insurance agent services shall be conducted in a physical location distinct from the area where the financial institution's insured deposits are routinely taken.(2) No insurance agent services shall be conducted from the teller area. The acceptance of mortgage payments which include insurance escrow payments will not be considered to be insurance agent services.Ga. Comp. R. & Regs. R. 80-5-4-.05
O.C.G.A. Secs. 7-1-61, 7-1-261(11).
Original Rule entitled "Location of Sale of Insurance" was f. on Feb. 17, 1997; eff. Mar. 10, 1997.