A person who sells, solicits, or negotiates insurance in Georgia must be licensed as an ___,
agent
a business entity that sells, solicits, or negotiates insurance in Georgia must be licensed as an ___.
agency
To receive a resident insurance agent's license, an individual must
file an application;
be at least 18 years old;
demonstrate good character;
be a resident of Georgia for at least six months every year or have a principal place of business within the
state;
pay the required fee;
complete an approved prelicensing course o
Agents, limited subagents, counselors, and adjusters must maintain a place of business in Georgia where they ___.
transact insurance
A licensee must notify the Commissioner within ___ days of any change in business address.
30
A licensee must also provide the following information to the Commissioner:
his or her residential address;
the name and address of each insurer that the licensee represents;
the name and address of each agency of which the licensee is proprietor, partner, officer, director, or
employee or which the licensee represents;
the trade
Agents, consultants, and adjusters must keep records of all insurance transactions at their home office for at least __ years or for the term of the contract, whichever is longer. The records must show each contract issued, the names of the insured and in
five
The Commissioner __ waive any requirements for a nonresident license applicant with a valid license from his or her home state if the applicant's home state awards nonresident licenses to residents of Georgia on the same basis.
will
Agents, consultants, and adjusters must renew their licenses every __ years before the last day of their birth month.
two
To continue a license, a licensee must pay a renewal fee and complete the following hours of continuing
education each year:
15 hours, if licensed for less than 20 years (for a total of 30 hours before every license renewal)
10 hours, if licensed for at least 20 years (for a total of 20 hours before every license renewal)
A person who has been licensed for __ consecutive years or more and who only receives renewal or deferred commissions is not required to complete the continuing education requirements.
ten
If an agent fails to meet the continuing education requirements for any year, the Commissioner will suspend the license for __ days.
60
If an agent fails to meet the continuing education requirements for any year, the Commissioner will suspend the license for 60 days. If the agent does not complete the continuing education requirements within 60 days, the Commissioner will __ the license
revoke
The Commissioner may suspend, revoke, or refuse to issue a producer's license for the following reasons:
violating the Insurance Code or any law relating to insurance in Georgia or another state, including those
of a military installation;
misrepresenting or concealing facts in a license application or other insurance form;
providing incorrect, misleading, i
A person whose license is revoked or whose application is refused is ineligible to apply for another license for __ years from the date of the refusal, revocation, or final court order.
five
A temporary insurance producer's license is valid for up to __ months and may be renewed for additional three month periods. However, a temporary license may not be issued for more than 15 months total. No examination is required.
six
A temporary license can be granted to
the surviving spouse or court-appointed personal representative of a licensed producer who dies or is
mentally or physically disabled, for the purpose of selling the producer's insurance business or to allow
enough time for the producer (if merely disable
Individuals who receive a temporary license are authorized to
negotiate renewal policies;
receive and collect premiums; and
take other measures that are necessary to continue the agent's business.
temporary licensees may not sell, solicit, or negotiate new insurance contracts.
...
A person who is not a resident of Georgia may be licensed as an insurance producer in Georgia if
the person is a licensed producer in good standing in his or her home state;
the person applies for licensure and pays the required fees;
the person provides the Commissioner with a certified copy of the license application from his or her
home state or p
To receive a counselor's license, a person must
file an application and pay the required fee;
have five years' experience as an agent, subagent, or adjuster, or have other educational qualifications or
experience approved by the Commissioner;
maintain a $5,000 bond;
pass the written examination; and
ap
A ___ advises others and gives opinions regarding the benefits, terms, advantages, or disadvantages of an insurance contract.
counselor