O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-23-28 (2019)

Scope of subagent’s authority; record of transactions

✓ O.C.G.A.: 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(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.

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).

Annotations

The 2019 amendment, effective July 1, 2019, substituted "maintained jointly by the agent" for "maintained by both the agent" in subsection (d).

Notes of Decisions
Cited in 1 case, 2020–2020 · leading case: Grammer v. Ferlin (S.D. Ga. 2020).
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Grammer v. Ferlin (S.D. Ga. 2020). · cites it 6× “Because these 4 Defendants also argue that O.C.G.A. § 33-23-28 and regulation 120-2-3-.”
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