Licensure of Agents and Agency

(1) A financial institution that intends to sell annuities either through an independent agent or through its own licensed employees shall be considered an Agency under Department of Insurance Regulation §120-2-71-.04 and must meet any requirements of that Regulation Chapter (2) Any individual who solicits, sells or markets annuities in association with a financial institution located in Georgia must be licensed as an insurance/annuity agent by the Department of Insurance. Authority: O.C.G.A. Secs. 7-1-61 , 7-1-261(11) , 7-1-288 . History. Original Rule entitled "Licensure of Agents and Agency" adopted. F. July 18, 1996; eff. August 7, 1996.