Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
A Georgia professional advertises that she advises clients on what their policies actually promise, charging a fee and selling nothing. What is she?
Answer and explanation
Answer: B. Section 33-23-1(6) defines a counselor as an individual who engages, advertises, or holds himself or herself out as engaging in the business of counseling, advising, or rendering opinions as to the benefits promised under any contract of insurance. An agent under (3) sells, solicits, or negotiates, and a subagent under (16) acts for another licensed agent.Source: O.C.G.A. § 33-23-1 — 33-23-1(6), Counselor defined
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- A Georgia license is found to have been obtained through fraud. What does section 33-23-21 allow the Commissioner to do?
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- A Georgia professional has advised two clients informally about their policy benefits and now advertises the service. What is the significance?
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- A natural person is convicted of insurance fraud in Georgia. How does section 33-1-9 grade and punish it?
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