2010 Georgia Code
TITLE 33 - INSURANCE
CHAPTER 23 - LICENSING OF AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS
ARTICLE 1 - AGENTS, AGENCIES, SUBAGENTS, COUNSELORS, AND ADJUSTERS
§ 33-23-1.1 - Counselor's additional ancillary services considered a separate transaction
O.C.G.A.
33-23-1.1 (2010)
33-23-1.1. Counselor's additional ancillary services considered a separate transaction
As used in paragraph (6) of subsection (a) of Code Section
33-23-1, the definition of counselor, the term "transaction" refers to coverage or services in the same line or subline of insurance; provided, however, that additional ancillary services for commercial risks in excess of acquisition services shall be considered a separate transaction when such additional ancillary services are disclosed in writing to the insured and approved in advance by the insured. Additional ancillary services shall include, but not be limited to, the following: risk identification; loss measurement; gathering and analysis of loss information; verification of workers' compensation experience modifiers; setting of risk retention levels; development of retention financing plans; development of insurance specifications; negotiation with insurers regarding coverages, costs, and payment options; implementation of retained and transferred risk programs; monitoring of annual program; and insurance audit services.
Graham Syfert - Jacksonville Lawyer