(a) A subagent's certificate of authority shall not cover any kind of insurance for which the sponsoring agent and subagent are not licensed.(b) A subagent or limited subagent shall not have power to bind an insurer.(c) All business transacted by a subagent under such subagent's license or limited subagent shall be in the name of the agent by whom the subagent or limited subagent is employed; and the agent shall be responsible for all the acts or omissions of the subagent or limited subagent within the scope of his or her employment.(d) A record of each transaction shall be maintained jointly by the agent and the subagent or limited subagent.Amended by 2019 Ga. Laws 140,§ 11, eff. 7/1/2019.Amended by 2008 Ga. Laws 767,§ 15, eff. 7/1/2008.Amended by 2001 Ga. Laws 293, § 1, eff. 7/1/2002.
Georgia Legal Code