EstatePass
P&CGeorgiamedium

Under O.C.G.A. § 33-2-12, the OCISF Commissioner may examine the records of a Georgia-licensed producer for which of the following purposes?

AOnly to verify the producer's payment of state income tax to the Department of Revenue
BOnly with the prior written consent of every policyholder whose records may be reviewed
COnly after the producer has been formally indicted by a Georgia grand jury
To ascertain the producer's compliance with Title 33

Why this is the answer

O.C.G.A. § 33-2-12 authorizes the Commissioner, when necessary in the public interest, to examine the affairs, accounts, records, documents, and transactions of any agent, subagent, broker, counselor, adjuster, or other person licensed under Title 33, for the purpose of ascertaining their compliance with the title. Typical subjects include the fiduciary handling of premiums under § 33-23-35, certificates of authority from insurers under § 33-23-26, continuing-education compliance, and sales practices. A licensee who fails to provide records or appear as § 33-2-12 requires can be disciplined under § 33-23-21. No consent from policyholders, indictment, or tax purpose is required.

Studying for the Georgia Property & Casualty exam?

This question comes from our P&C bank. Take a free practice test — no signup.

Free P&C practice testProperty & Casualty exam guide