State RegulationsGA specificDifficulty 2/5
An Insurance Department examiner arrives to review the business records of a licensed Georgia producer. The producer refuses, insisting his records are private. Under Georgia law:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under O.C.G.A. § 33-2-10 through § 33-2-13, the Commissioner's examination authority extends to the records of persons transacting insurance business, including licensed producers. Refusing to cooperate obstructs the Insurance Department's supervisory function and can jeopardize the producer's license.
Why the other options are wrong
- B) The examination authority covers persons transacting insurance business generally, not only insurers.
- C) Policyholder consent is not a condition of an Insurance Department examination.
- D) The examiner acts under the Commissioner's statutory authority; law-enforcement status is irrelevant to the duty to cooperate.
Memory hook
License to sell means records to show in Georgia.