State RegulationsGA specificDifficulty 2/5
An individual solicits insurance on behalf of an insurer, but no policy is ever issued and no premium is ever paid. Under Georgia law, has the individual transacted insurance?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under O.C.G.A. § 33-1-2, solicitation by itself falls within the definition of transacting insurance. The statute does not require that a policy be issued or a premium collected before the transaction label attaches, which is why solicitation by unlicensed persons is independently prohibited and enforceable.
Why the other options are wrong
- A) An issued policy is not an element of the transacting-insurance definition.
- B) Premium tender is likewise unnecessary for the definition to apply.
- C) A counselor license is irrelevant to whether solicitation constitutes transacting insurance.
Memory hook
One pitch is enough — solicitation counts as transacting.