Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
Why does the controlled business definition matter to a Georgia licensee?
Answer and explanation
Answer: D. Section 33-23-1(5) supplies the definition that the licensing provisions use when limiting how much of a licensee's business may be controlled business, with section 33-23-21 making violations of the licensing laws a ground for action against the license. The definition does not set commissions, impose a disclosure duty of its own, or ban family coverage outright.Source: O.C.G.A. § 33-23-1 — 33-23-1(5) read with 33-23-21
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