Free Georgia Insurance FAQs | Free Georgia Insurance Legal Documents

What Are The Continuing Education Carry-Over Provisions?

Mon, 04 Jun 2007 21:51:22 GMT

Up to 50% of the annual CE requirement may be carried over from the previous cycle (rounded down to 7 hours for the standard 15 hour CE requirement), as long as the credits had not been allocated to that previous cycle.

What Are The General Application Procedures?

Tue, 29 May 2007 21:19:00 GMT

The general procedure for applying for a license is to register and pass the required examination and to submit a complete application package to the Georgia Insurance Department. Once the Insurance Department has processed a completed application package and received a passing examination score report, the Department will issue a license for a qualified candidate. If you have been issued a temporary license, you must send a copy of your 40 hour prelicensing course certificate along with your passing score report to the Insurance Department for Licensure.

What Are The Nonresident Continuing Education Requirements?

Tue, 29 May 2007 21:19:00 GMT

Because most jurisdictions require continuing education, GID accepts a Status Letter from nonresident licensees (no older than 90 days.) Thus, nonresident licensees who provide a Status Letter (issued within the last 90 days) with their license renewal, are considered to be "in good standing" and compliant with any CE requirements of their resident state and Georgia.

What Are The Requirements For A Nonresident?

Tue, 29 May 2007 21:19:00 GMT

A nonresident must be licensed as an agent, broker, counselor, or adjuster with respect to any insurance activities on property or exposures in Georgia. A nonresident must be appointed in Georgia. Nonresident licenses only hold license classes that are in common with those classes held on the licensee`s home state resident license. Nonresident licenses are renewed annually. Renewal requires the submission of a status letter from the licensee`s home state and the payment of a renewal fee. Individuals holding a nonresident license who are required to meet continuing education in their state of residence will be considered in compliance with the continuing education requirements under this chapter and Georgia, provided the nonresident licensee`s home state reciprocates with Georgia licensees in the same manner. The nonresident licensee must submit documentation at the time of renewal certifying that they have met their home state`s continuing education requirement.

What Is A Certificate Of Authority?

Tue, 29 May 2007 21:19:00 GMT

In order to conduct insurance business all licensees must obtain a Certificate of Authority (CA) directly with an insurance company(s). CA appointments will cover all classes of insurance held in common between the agent and the insurer. New CA`s for existing licensed agents will be valid seven working days after mailing by the insurer. The insurer has the responsibility of verifying that the CA has been issued. CA`s for new licensees are valid only upon the issuance of your permanent license. Certificates of Authority will be renewed annually by the insurance companies. CA`s will terminate automatically upon the expiration or cancellation of the license. CA`s may also be terminated at the written request of the insurer or agent.

What Is An Agency?

Tue, 29 May 2007 21:19:00 GMT

An agency is defined as a group of one or more agents working at the same business address, and usually under a common name who represent one or more insurers. In Georgia, every licensee is technically part of an agency, even if the agent is working independently, since an agency is more or less defined by its business address. The Georgia Insurance Department requires that every agency with a Georgia business address be licensed.

What Is The Address And Phone Number Of The Georgia Insurance Department?

Tue, 29 May 2007 21:19:00 GMT

Georgia Insurance Commissioner
2 Martin Luther King Jr. Drive
Floyd Memorial Building
704 West Tower
Atlanta, GA 30334
(404) 6562070

What Must An Agency Do To Become Licensed?

Tue, 29 May 2007 21:19:00 GMT

To become licensed as an agency you must file a complete GID 130 form including the appropriate fee to ASI. Once licensed, you will receive an annual renewal notice that must be completed and returned to ASI by January 1st. ASI will send a renewal license after processing is completed.

Where Can I Get The Applicable Forms?

Tue, 29 May 2007 21:19:00 GMT

Forms may be obtained from ASI`s IVR forms faxback system. This can be accomplished by dialing (888) 2046246 on your touchtone telephone and following the instructions provided. All forms may be photocopied but original signatures and notary seals are required for submission to ASI. Forms may also be obtained by accessing ASI`s Internet website at www.asisvcs.com and requesting specific forms. If you do not have access to a fax machine or the Internet, you may call the ASI Customer Service line at (888) 2046204. Please allow 1015 days for delivery.

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