2010 Georgia Code
TITLE 33 - INSURANCE
CHAPTER 23 - LICENSING OF AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS
ARTICLE 1 - AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS
§ 33-23-3 - Agency licensing and annual renewals; ownership restrictions

O.C.G.A. 33-23-3 (2010)
33-23-3. Agency licensing and annual renewals; ownership restrictions


(a) Each principal office and each branch office of an agency as defined in paragraph (2) of subsection (a) of Code Section 33-23-1 must obtain an agency license prior to commencement of operations and renew such license annually by filing application forms prescribed by the Commissioner.

(b) An agency shall be subject to all penalties, fines, criminal sanctions, and other actions authorized for agents under this chapter.

(c) No person shall be an owner of an agency or, if the agency is a corporation, no person shall be an officer or director of such corporation or own 10 percent or more of the corporation if such person has had his or her license under this chapter refused, revoked, or suspended.