Compilation of Rules and Regulations of the State of Georgia › Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER › Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE › Subject 120-2-3 - REGULATIONS REGARDING AGENTS, SUBAGENTS, COUNSELORS, ADJUSTERS, SURPLUS LINES BROKERS, AND AGENCIES › Rule 120-2-3-.34 - Nonresident License Requirements

Current through Rules and Regulations filed through June 27, 2024
(1) A nonresident person shall receive a
				nonresident agent license if all requirements set forth in O.C.G.A. §
									33-23-16 have been met. All
				applicants for a Variable Products license must also have a valid agent license
				for life insurance and provide proof of current NASD Series 6, 7, IR or GS
				registration; such proof shall accompany the license application. Failure to
				maintain a current agent's license for life insurance will result in the
				cancellation of the variable products license.
(2) A nonresident person shall receive a
				nonresident adjuster license if all requirements set forth in O.C.G.A. §
									33-23-29 have been met.
(3) A nonresident person shall receive a
				nonresident counselor license if all requirements set forth in O.C.G.A. §
									33-23-29.1 have been met.
(4) A nonresident person shall receive a
				nonresident surplus lines broker license if all requirements set forth in
				O.C.G.A. §
									33-23-16 have been met. The
				applicant must also hold a nonresident agent license for property and casualty
				insurance. Failure to maintain a current nonresident property and casualty
				agent's license will result in the cancellation of the surplus lines broker
				license.
(5) A nonresident
				applicant shall receive a nonresident agency license if all requirements set
				forth in O.C.G.A. §§
									33-23-3,
				33-23-16 and Rule
				120-2-3-.05 have been met.
(6) All nonresident agent, adjuster,
				counselor, and surplus lines broker licenses issued before July 1, 2012, expire
				or expired December 31 of the year issued. Effective July 1, 2012, all new
				licenses will be issued on a biennial basis with a birth month
				expiration.
(7) Prior to the
				issuance of a nonresident license, verification that the nonresident applicant
				is currently licensed as a resident in good standing in such person's home
				state shall be provided to the Commissioner. Applicant's home state license
				will be verified on the NAIC producer database. If an applicant's license
				information can not be verified through this site, an original certification
				letter from the applicant's home state dated within 90 days of submission to
				the Commissioner will satisfy this requirement.
(8) Applicants for agent, adjuster, counselor
				and surplus lines broker licenses whose resident state does not require a
				license to transact business may be licensed in this state provided that
(a) Proper application is made on the
				required forms, accompanied by the required fees;
(b) The applicant takes the examination
				issued by the Commissioner where required pursuant to Chapter 23 of Title 33 of
				the Official Code of Georgia Annotated; and
(c) The applicant submits written
				documentation from their resident state demonstrating the lack of a licensing
				requirement and the state's reciprocity with residents from this
				state.