Except when required in retaliation pursuant to Code Section 33-3-26, insurance contracts on risks or property located or having a situs in this state need not be countersigned by an agent duly licensed in accordance with Code Section 33-23-5; but, if a licensed nonresident agent participates in the effectuation of such contract and a countersignature is so required, the countersigning agent licensed in accordance with Code Section 33-23-5 shall be entitled to the same commission as allowed by the state of residence of the licensed nonresident but, in any event, to not more than 50 percent of the commission. Nothing contained in this Code section shall be construed to require a company to make additional compensation in the way of commissions or otherwise to a person who is paid on a salary basis.
History. Code 1981, § 33-23-32 , enacted by Ga. L. 1992, p. 2830, § 1; Ga. L. 1996, p. 705, § 13; Ga. L. 1999, p. 878, § 9; Ga. L. 2001, p. 925, § 1.
Structure Georgia Code
Article 1 - Agents, Agencies, Subagents, Counselors, and Adjusters
§ 33-23-1.1. Counselor’s Additional Ancillary Services Considered a Separate Transaction
§ 33-23-3. Agency Licensing and Biennial Renewals; Ownership Restrictions
§ 33-23-5. Qualifications and Requirements for License
§ 33-23-6. Bond Requirements for Applicants for Adjuster’s License
§ 33-23-7. Bond Requirement for Applicants for Counselor’s License
§ 33-23-8. Form and Contents of License Application; Fees
§ 33-23-9. Study Materials for Applicants
§ 33-23-10. Examination of Applicants
§ 33-23-11. Issuance and Contents of License; Display Certificate of Licensure
§ 33-23-13. Temporary Licenses
§ 33-23-14. Probationary Licenses
§ 33-23-15. Additional Licenses
§ 33-23-16. Licensing of Nonresidents
§ 33-23-19. Placing of License on Inactive Status; Subsequent Revocation
§ 33-23-20. Effect of License Suspension or Placement of License on Inactive Status
§ 33-23-21. Grounds for Refusal, Suspension, or Revocation of License
§ 33-23-21.1. Licensing for Educational Borrowers in Default
§ 33-23-22. Notice of Suspension or Revocation of License; Hearing; Appeals
§ 33-23-24. Permits and Licenses Not Transferable
§ 33-23-26. Agent’s Certificate of Authority
§ 33-23-27. Subagent’s Certificate of Authority
§ 33-23-28. Scope of Subagent’s Authority; Record of Transactions
§ 33-23-29. Authority of Agent to Act as Adjuster; Nonresident Adjusters; Reciprocal Agreements
§ 33-23-29.1. Licensing of Nonresident Counselors
§ 33-23-30. Restrictions on Signing by Agents
§ 33-23-31. Risk Situs; Service on Nonresidents; Venue of Action
§ 33-23-32. Countersigning by Resident Agents Not Required Generally; Exceptions; Commissions
§ 33-23-33. Duty of Licensees to Provide Current Information of Names and Addresses
§ 33-23-34. Records of Transactions
§ 33-23-35. Reporting and Disposition of Premiums
§ 33-23-36. Inquiry Into Illegal or Improper Conduct
§ 33-23-37. Licensing of Surplus Lines Broker; Application; Bond; Written Examination
§ 33-23-40. Contracts Issued by Unauthorized Persons Not Rendered Unenforceable
§ 33-23-41. Liability and Penalties for Unauthorized Acts
§ 33-23-42. Performing Acts for Unauthorized Insurer
§ 33-23-43. Authority of Adjusters; Penalty for Violation
§ 33-23-43.1. Representing Oneself as Public Adjuster; When License Not Required
§ 33-23-43.2. Requirements for Public Adjuster Contracts
§ 33-23-43.3. Compensation of Adjusters; Criteria for Written Endorsement of Payment
§ 33-23-43.4. Proof of Financial Responsibility
§ 33-23-43.5. Complete Record of Transactions; Retention and Examination
§ 33-23-43.6. Funds Held in Fiduciary Capacity; Authorization for Disclosure
§ 33-23-43.7. Advertisements; Deceptive or Misleading Ads; Required Disclaimer
§ 33-23-43.8. Prohibited Acts of Adjusters
§ 33-23-43.9. Standard of Conduct for Public Adjusters
§ 33-23-43.10. Denial, Suspension, or Revocation of License; Notice and Hearing
§ 33-23-44. Rules and Regulations
§ 33-23-46. Compensation of Licensed Counselors; Disclosure; Exceptions