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Licensing requirements for Georgia insurance professionals and companies.
This page provides an overview of insurance licensing in Georgia for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.
Companies that provide insurance producer services in Georgia must apply for a license prior to doing
business. Depending on the lines of authority offered by the entity and the types of services offered, multiple
firm licenses may be required.
Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the
necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state
firms, in anticipation of application requirements.
A copy of the organization's independent review plan
A written quality assurance mechanism in place that ensures the timeliness and quality of the reviews, the qualifications and independence of the expert reviewers, and the confidentiality of medical records and review materials.
Copies of policies and any procedures ensuring compliance with all applicable state and federal laws and with the Rules to protect confidentiality of medical records and personal information.
A listing of the number, type, and minimum qualifications of the personnel either employed or under contract to perform the independent review.
A copy of written procedures used to determine whether physicians or other health care providers utilized by the independent review organization describe the personnel and the accrediting policies and procedures of the applicant.
A completed profile for each expert reviewer and provider as outlined in the Rules.
Biographical information about officers, directors and staff as detailed on the application.
A copy of the most recent by-laws and articles of incorporation for the legal applicant.
Evidence of the applicant's authorization to conduct business in that state of Georgia.
A description of the existing or proposed organization and provide a copy of the organizational chart.
A chart showing contractual arrangements of the independent review system.
The names of each stockholder or owner of more than five percent of any stock or options.
The name and type of business of each corporation or other organization that the applicant controls or is affiliated with and the nature and extent of the affiliation or control. Also provide a chart or list clearly identifying the relationship between the applicant and any affiliates.
A list of any currently outstanding loans or contracts to provide services between the applicant and any affiliates or any officer of its affiliates.
The names of any predecessor affiliates and /or companies, including trade names.
Certified copy of entity formation documents including amendments
Copy of bylaws, rules and regulations or similar documents regulating the affairs of the private review agent certified by the principal partners or the president and secretary and containing the corporate seal.
Names, addresses, and titles of positions held by individuals who are responsible for the conduct of the affairs of the private review agent in Georgia.
A copy of the biographical affidavit for each person listed as responsible for the conduct of the affairs of the private review agent.
If using a DBA, a certified copy of the recorded application received from the Clerk of the Superior Court in the county where doing business.
List the lines of business that the Applicant Company is currently licensed to transact and is transacting in all jurisdictions.
Narrative - information the applicant wishes to provide in support of hte application.
Proforma financials - provide a company-wide three-year proforma balance sheet and income statement.
For the lines requested, provide three years of premium and loss projections by line specifially for Georgia
Projections have to support the plan of operation
Questionaire (Form 8)
If the applicant is a member of a holding company system, the application must include the most recent Holding Company Act filings, including Annual Form B Reigstration Statement and related Form F. In lieu of these, the applicant can submit a narrative containing all the information reported in these forms.
SEC filings or consolidated GAAP financial statements
Debt-to-Equity ration statement
Custody agreements
NAIC Biographical affidavits for all officers, directors, key personnel, and shareholders with a 10% or greater interest in the applicant company
Background reports for each officer, director, key person, or shareholder listed
Proof of compliance with FCRA
Proof of meeting minimum capital and surplus requirements
Deposit requirements
Name approval (if required)
Certified Copy of Articles of incorporation
Bylaws certified by the company's assistant
Required Attachments:
Form GID-3, Appointment of Attorney-in-Fact (must be Georgia resident)
Form GID-4, Appointment of Commissioner as Attorney-in-Fact
Bond Amount:
Bonds must include
The Georgia Insurance Commissioner name and address as the certificate holder
A 30 day written notice of cancellation
A minimum amount of $100,000
Proof of coverage must include a complete copy of the bond, including any and all related endorsements.
Extension only granted in extreme circumstances and by prior approval
Georgia Third Party Administrator - Exempt
Agency:
Georgia Office of Insurance and Safety Fire Commissioner
Foreign Qualification is Prerequisite:
No
Notes:
The following are exempt from licensure so long as such entities are acting directly through their officers and employees:
An employer on behalf of its employees or the employees of one or more subsidiary or affiliated corporations of such employer;
A union on behalf of its members;
An insurance company licensed in this state or its affiliate unless the affiliate administrator is placing business with a nonaffiliated insurer not licensed in this state;
An insurer which is not authorized to transact insurance in this state if such insurer is administering a policy lawfully issued by it in and pursuant to the laws of a state in which it is authorized to transact insurance;
A life or accident and sickness insurance agent or broker licensed in this state whose activities are limited exclusively to the sale of insurance;
A creditor on behalf of its debtors with respect to insurance covering a debt between the creditor and its debtors;
A trust established in conformity with 29 U.S.C. Section 186 and its trustees, agents, and employees acting thereunder;
A trust exempt from taxation under Section 501(a) of the Internal Revenue Code and its trustees and employees acting thereunder or a custodian and its agents and employees acting pursuant to a custodian account which meets the requirements of Section 401(f) of the Internal Revenue Code;
A bank, credit union, or other financial institution which is subject to supervision or examination by federal or state banking authorities;
A credit card issuing company which advances for and collects premiums or charges from its credit card holders who have authorized it to do so, provided that such company does not adjust or settle claims;
A person who adjusts or settles claims in the normal course of his or her practice or employment as an attorney and who does not collect charges or premiums in connection with life or accident and sickness insurance coverage or annuities;
An insurance company licensed in this state or its affiliate if such insurance company or its affiliate is solely administering limited benefit insurance. For the purpose of this paragraph, the term "limited benefit insurance" means accident or sickness insurance designed, advertised, and marketed to supplement major medical insurance and specifically shall include accident only, CHAMPUS supplement, disability income, fixed indemnity, long-term care, or specified disease insurance; or
An association that administers workers' compensation claims solely on behalf of its members.
Filing fees depend on your individual situation. We do our best to calculate your filing fees
upfront and collect those fees today so we can get started. Your specialist will determine your
exact filing fees and invoice additional fees if required.
