Licensing Requirements: Surplus lines brokers are required to be licensed in Georgia. Ga. Code Ann. § 33-5-22. Any person licensed as a resident agent as to property, casualty, and surety insurance
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? Yes. All funds representing premiums received
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? An insurance producer who is not licensed as a
A producer licensed as a counselor who receives compensation from a client may not receive compensation from an insurer or other third party for placement of insurance unless, prior to
What entities are covered? “Any information broker or data collector that maintains computerized data that includes personal information.” § 10-1-912(a). An “information broker” means “any person or entity who, for
