A Georgia licensee files a copy of a counterparty 2026 annual license and treats the check as complete. Is an annual license copy alone sufficient evidence of current licensure?
Correct Answer
A) Not sufficient: revocation proceedings happen throughout the year
Obtaining a copy of an entity annual license is not sufficient evidence of a current license, because revocation proceedings occur throughout the year, which is why the Department points licensees at Consumer Access. Other choices: being current at issuance is exactly the assumption the rule rejects; a 6-month refresh still leaves months uncovered; and certification of the copy does not make it current. Source: Ga. Comp. R. & Regs. 80-11-4-.05(2)
Why This Is the Correct Answer
Obtaining a copy of an entity annual license is not sufficient evidence of a current license, because revocation proceedings occur throughout the year, which is why the Department points licensees at Consumer Access. Other choices: being current at issuance is exactly the assumption the rule rejects; a 6-month refresh still leaves months uncovered; and certification of the copy does not make it current. Source: Ga. Comp. R. & Regs. 80-11-4-.05(2)
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