Rule 120-2-3-.44. Resident Title Agent License.

Georgia Administrative Code

Department 120. RULES OF COMPTROLLER GENERAL

Chapter 120-2. RULES OF COMMISSIONER OF INSURANCE

Subject 120-2-3. REGULATIONS REGARDING AGENTS, SUBAGENTS, COUNSELORS, ADJUSTERS, SURPLUS LINES BROKERS, AND AGENCIES

Current through Rules and Regulations filed through June 13, 2019

Rule 120-2-3-.44. Resident Title Agent License

(1) Upon application to the Commissioner on the required form, accompanied by the required fee, a license to sell title insurance shall be issued to any resident provided that
(a) The individual meets the requirements for an agent license under Chapter 23 of Title 33 of the Official Code of Georgia Annotated and this Regulation;
(b) The application process shall include sponsorship by an insurer authorized to do business in this state. Prior to issuance of the license, the sponsor shall agree to appoint the applicant as a representative of the company. The sponsor shall affirm that an investigation on the general character of the applicant has been conducted by an agency not affiliated with the insurer and that the sponsor recommends the applicant for a license. Such investigation shall include a criminal background check.
(c) Effective January 1, 2010, the application process for an agent license will no longer require sponsorship by an insurer. Upon issuance of the agent license, the licensee must obtain a certificate of authority from each insurer that they will represent.
(d) Effective January 1, 2010, all new applicants, excluding active licensees and individuals that apply for reinstatement within 6 months of expiration date, shall be required to submit electronic fingerprints through a vendor selected by the Department for a criminal background check. The applicant shall bear the cost for electronic fingerprinting.
(2) No prelicensing education or examination shall be required.
(3) Each year by the dates specified in Rule 120-2-3-.16 of this Regulation, license renewals, accompanied by the required fees, must be filed on forms prescribed by the Commissioner.
(4) No continuing education shall be required for this license.

Cite as Ga. Comp. R. & Regs. R. 120-2-3-.44

Authority: O.C.G.A. Secs. 33-2-9, 33-8-1, 33-23-5, 33-23-5.1, 33-23-12, 33-23-18, 33-23-44.

History. Original Rule entitled "Violations" adopted. F. Aug. 9, 1996; eff. Aug. 29, 1996.

Repealed: New Rule entitled "Limited Title Agent License" adopted. F. July 23, 1998; eff. Aug. 12, 1998.

Repealed: New Rule entitled "Resident Title Agent License" adopted. F. Jan. 15, 2003; eff. Feb. 4, 2003.

Amended: F. July 16, 2009; eff. Aug. 5, 2009.