Georgia Rules and Codes Pertinent to Life Insurance Only
What is Georgia's replacement regulation designed to establish?
Answer and explanation
Answer: D. Rule 120-2-24 establishes minimum standards of conduct to be observed in the replacement or proposed replacement of existing life insurance. It does not ban replacement, does not set a penalty schedule in place of conduct standards, and does not route each transaction through the Commissioner.Source: Ga. Comp. R. & Regs. r. 120-2-24-.06 — 120-2-24, Purpose of the regulation
More georgia rules and codes pertinent to life insurance only questions
- What does rule 120-2-24-.06 require an insurer to do about its own people?
- What must accompany each completed Georgia application for life insurance or an annuity?
- When does the existing Georgia insurer's ten working day clock begin?
- Where must a Georgia replacing insurer keep its replacement records?
- Where must the applicant's signed replacement statement appear?
- Which records must a Georgia replacing insurer keep under rule 120-2-24-.06?
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