Scope of Subagent's Authority; Record of Transactions

  1. Law
  2. Georgia Code
  3. Insurance
  4. Licensing
  5. Agents, Agencies, Subagents, Counselors, and Adjusters
  6. Scope of Subagent's Authority; Record of Transactions

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  1. A subagent's certificate of authority shall not cover any kind of insurance for which the sponsoring agent and subagent are not licensed.
  2. A subagent or limited subagent shall not have power to bind an insurer.
  3. 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.
  4. A record of each transaction shall be maintained jointly by the agent and the subagent or limited subagent.

(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).


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