Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 23. LICENSING · Article 1. AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS

33-23-28. Scope of subagent’s authority; record of transactions.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(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.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 33-23-28, enacted by Ga. L. 1992, p. 2830, § 1; Ga. L. 1999, p. 878, § 6; Ga. L. 2001, p. 925, § 1; Ga. L. 2008, p. 1076, § 15/SB 113; Ga. L. 2019, p. 386, § 11/SB 133. The 2019 amendment, effective July 1, 2019, substituted ‘‘maintained jointly by the agent’’ for ‘‘maintained by both the agent’’ in subsection (d).

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch23-65-(v25)-2020-pdf.pdf, Volume V25, 2020 edition, pages 77 to 78; merge action: carried; file SHA-256 1cdfeaa4b73e.

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