Revocation or Suspension of Broker's License

  1. Law
  2. Georgia Code
  3. Insurance
  4. Regulation of Unauthorized Insurers
  5. Surplus Line Insurance
  6. General Provisions
  7. Revocation or Suspension of Broker's License

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  1. The Commissioner shall revoke any surplus line broker's license:
    1. If the broker fails to file his quarterly affidavit or to remit the tax as required by law;
    2. If the broker fails to maintain an office in this state, or to keep records, or to allow the Commissioner to examine his records as required by law; or
    3. For any of the causes for which an agent's license may be revoked.
  2. The Commissioner may revoke or suspend any or all such licenses whenever he deems such suspension or revocation to be in the best interests of the people of this state.
  3. The procedures provided in Article 1 of Chapter 23 of this title for the suspension or revocation of agents' licenses shall be applicable to suspension or revocation of a surplus line broker's license.
  4. No broker whose license has been so revoked shall again be so licensed within five years thereafter nor until any penalties or delinquent taxes owing by him or her have been paid.

(Code 1933, § 56-625, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1972, p. 1220, § 5; Ga. L. 1982, p. 3, § 33; Ga. L. 1993, p. 91, § 33; Ga. L. 2019, p. 337, § 1-27/SB 132.)

The 2019 amendment, effective July 1, 2019, in subsection (d), substituted "within five years" for "within two years" and inserted "or her".


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