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The Georgia Electronic Insurance Compliance System or GEICS is a database of all motor vehicles and the current liability insurance carried by their drivers in the U.S. state of Georgia. It was created by the Georgia General Assembly (the state legislature ) during the 2002 session, to cut down the rate of uninsured motorists .
In order to accomplish these goals, each state grants several powers to insurance commissioners and their offices, including: [4] Approval of insurance rates; Periodical financial examinations of insurers; Licensing of companies, agencies, agents, and brokers; Monitoring and regulating claims handling
In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance contracts".
Penalty type. First offense. Subsequent offenses. Fines. $200. Up to $1,000. Jail time — Up to one year. License suspension. 60 days minimum. 90 days minimum. Lapse fee
Former Georgia Insurance Commissioner John Oxendine was sentenced to three and a half years in prison Friday for conspiracy to commit health-care fraud in connection with unnecessary lab testing.
Working with an insurance intermediary service allows the independent agent to review many quotes and offer their clients the best policy options available. For their efforts, independent agents are paid a commission (remuneration). [2] In addition to insurance policies, agents often sell mutual funds, annuities, and products that address ...
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Georgia is a major railway hub, has the most extensive rail system in the Southeast, and has the service of two Class I railroads, CSX and Norfolk Southern, plus 24 short-line railroads. Georgia is ranked the No. 3 state in the nation for rail accessibility. Rail shipments include intermodal, bulk, automotive and every other type of shipment. [115]