Georgia Rules and Codes Pertinent to Life Insurance Only
Why does Georgia require both a signed applicant statement and a cross-indexed register?
Answer and explanation
Answer: A. Rule 120-2-24-.06(2) captures the applicant's own signed answer about whether existing coverage will be replaced, while (3) requires a register cross indexed by replacing agent and existing insurer, which makes a pattern traceable. Neither substitutes for the other, and the register is kept in the home office rather than filed.Source: Ga. Comp. R. & Regs. r. 120-2-24-.06 — 120-2-24-.06(2) read with (3)
More georgia rules and codes pertinent to life insurance only questions
- 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?
- 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?
- A Georgia agency publishes an item it regards as educational, and it has the effect of creating public interest in its life products. Is it an advertisement?
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