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State Regulation of Insurance Producers

Terms in this set (22)

violating the Insurance Code or any law relating to insurance in Georgia or another state, including those
of a military installation;
misrepresenting or concealing facts in a license application or other insurance form;
providing incorrect, misleading, incomplete, or materially untrue information in the license application;
misrepresenting facts or committing fraud in obtaining the license;
misappropriating, converting, or unlawfully withholding money belonging to insurers or others;
committing fraudulent or dishonest practices;
misrepresenting the terms of an insurance policy;
failing or cheating on an insurance examination;
violating a rule, regulation, subpoena, or order of the Commissioner;
obtaining a license to secure rebates or to engage in controlled business;
failing to act in good faith as a licensee;
demonstrating incompetence or untrustworthiness when transacting insurance;
writing substantial overinsurance for a property insurance risk;
failing to pay over moneys belonging to an insurer, agent, agency, beneficiary, or insured;
failing to provide records when requested by the Commissioner;
being convicted of a felony or crime involving moral turpitude;
failing to report a criminal prosecution to the Commissioner within 30 days of the date of arrest;
having a business or professional license denied, suspended, or revoked in Georgia or another state;
failing to notify the Commissioner within 60 days after being convicted of a felony or crime involving moral
turpitude;
failing to comply with an administrative or court order imposing a child support obligation;
being in default on a loan obligation;
having a producer license denied, revoked or suspended by a federal, state, county, military, or other
legal authority authorized to issue licenses; and
failing to notify the Commissioner within 60 days after having a producer, business, or professional license
suspended or revoked.