Georgia Commons33-23-28. Scope of subagent’s authority; record of transactions.
The only printed version. 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.