Georgia Rules and Codes Pertinent to Life Insurance Only
Where must a Georgia replacing insurer keep its replacement records?
Answer and explanation
Answer: B. Rule 120-2-24-.06(3) requires the records to be kept in the insurer's home office for at least three years or until the conclusion of the next succeeding regular examination by the Insurance Department of its state of domicile, whichever is later.Source: Ga. Comp. R. & Regs. r. 120-2-24-.06 — 120-2-24-.06(3), Where records are kept
More georgia rules and codes pertinent to life insurance only questions
- When does the existing Georgia insurer's ten working day clock begin?
- Where must the applicant's signed replacement statement appear?
- Which records must a Georgia replacing insurer keep under rule 120-2-24-.06?
- Whom must a Georgia insurer inform about the requirements of the replacement regulation?
- Why does Georgia require a system of control rather than only prohibiting bad advertisements?
- Why does Georgia require both a signed applicant statement and a cross-indexed register?
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