New PEO Regulation

Last weekend, I attended an insurance agency function at which the Insurance Commissioner, Ralph Hudgens, spoke.  In his speech, he mentioned that a new regulation governing the sale of insurance products by Professional Employer Organizations (“PEOs”) has been adopted by his office.  That regulation will take effect on February 14, 2018.  It amends Sections 120-2-3-.03 […]

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Insurance Certificates – Use of Additional Remarks Schedule

A couple of weeks ago I wrote a blog post on the legality of agents issuing opinion letters about the coverages provided by their insured’s insurance policies.  The next week, I received an email from a participant in the Free Legal Service Program that I run for the Independent Insurance Agents of Georgia asking me to […]

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Brokerage Fees – Revisited

A recent Bulletin from the Insurance Commissioner’s Office has caused me to reconsider a blog post from almost five years ago.  In the Bulletin, the Insurance Commissioner reminded brokers who handle excess and surplus lines policies that they cannot collect sums for those policies in excess of the “premiums and charges for insurance specified by the […]

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Insurance Certificates – the Insurance Commissioner’s Latest Actions

In a post a couple of weeks ago, I told my readers to stay tuned for further developments from the Insurance Commissioner’s Office on the subject of what could and could not be included in the Description of Operations section of the ACORD form 25 Certificate of Liability Insurance.  IIAG had been in touch with that Office about some inconsistencies that […]

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Insurance Commissioner Makes It Official and Helpful Checklist

As has previously been reported in the IIAG newsletter, the requirement that the workers compensation Form WC-10 be notarized has been eliminated by the State Board of Worker’s Compensation and a new Form WC-10 adopted, effective on May 1, 2013. (Click here for my post on the problems presented by the notarization requirement.)  Today, the Insurance Commissioner issued a Bulletin acknowledging that fact and […]

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Insurance Certificates – New Regulation Adopted

The Office of the Insurance Commissioner has recently announced the adoption of a new regulation governing the issuance of insurance certificates. (Click here for a complete copy of the regulation.)  That regulation will be effective on May 22, 2013.  It essentially follows the provisions of the statute on insurance certificates that was adopted by the Georgia legislature […]

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The New Workers Compensation Form: How Can It Be Notarized?

A recent call on the Free Legal Services Program that I operate for members of the Big I posed an interesting question.  What are the obligations of a notary public when asked to notarize the new Form WC-10 that became effective on January 1, 2013?  As many of my readers are probably aware, that form is used for the election or rejection […]

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Who Can Issue an Insurance Certificate?

I received a call on the IIAG Free Legal Service line (1-800-IIAG911) last week that posed an interesting question about insurance certificates.  Who can issue them?  The caller had been approached by some third-party vendors who offered to issue insurance certificates required for real estate closings in condominium complexes for which the caller had written the general property […]

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Service Fees and Insurance Certificates

In speaking with Steve Manders of the Insurance Commissioner’s Office last week about insurance certificate issues, the subject of whether a fee could be charged by an agent for the issuance of such certificates came up.  Mr. Manders was of the opinion that since the issuance of insurance certificates was part of the normal servicing process for insurance policies, […]

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