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GA HB938
Bill
Status
Passed
5/8/2018
Primary Sponsor
Darlene Taylor
Click for details
AI Summary
- Amends O.C.G.A. § 33-23-12 to create a new limited credit insurance agency license that allows a business entity to obtain a single license in lieu of requiring each individual employee to obtain a separate limited credit insurance license
- Applicant entities must examine the character and fitness of employees who sell credit insurance (including criminal background checks), provide at least 5 hours of initial training in basic insurance and credit insurance subjects, and provide at least 2 hours of annual continuing education
- Entities must submit to the Commissioner a list of all employees who sell, solicit, or negotiate credit insurance and a list of all physical locations where such activity occurs, with ongoing updates as prescribed by the Commissioner
- The Commissioner may revoke, suspend, or place on probation the agency license or impose other penalties—including suspending insurance transactions at specific locations—if violations occur, with appeals conducted pursuant to Chapter 2 of Title 33
- Limited credit insurance agency licenses renew biennially on December 31 of the applicable renewal year, with fees paid pursuant to Code Section 33-8-1
Legislative Description
Insurance; limited credit insurance agency license; provide
Last Action
Effective Date
7/1/2018
Full Bill Text
No bill text available