Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
Why does Georgia define controlled business separately from the definition of an agent?
Answer and explanation
Answer: A. Section 33-23-1(3) defines who an agent is, while (5) defines controlled business by the relationships the coverage serves, which is a category of business rather than of person. No separate license attaches to it, counselors are defined at (6), and the business is not exempt from the code.Source: O.C.G.A. § 33-23-1 — 33-23-1(5) read with 33-23-1(3)
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
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