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Georgia Code Title 33. Insurance § 33-23-28

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) A subagent's certificate of authority shall not cover any kind of insurance for which the sponsoring agent and subagent are not licensed.

(b) A subagent or limited subagent shall not have power to bind an insurer.

(c) All business transacted by a subagent under such subagent's license or limited subagent shall be in the name of the agent by whom the subagent or limited subagent is employed; and the agent shall be responsible for all the acts or omissions of the subagent or limited subagent within the scope of his or her employment.

(d) A record of each transaction shall be maintained jointly by the agent and the subagent or limited subagent.

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Cite this article: FindLaw.com - Georgia Code Title 33. Insurance § 33-23-28 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-33-insurance/ga-code-sect-33-23-28/

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