State RegulationsGA specificDifficulty 2/5
An individual in Atlanta charges clients a fee to analyze their life insurance coverage and recommend whether policies should be replaced. In Georgia, what licensing requirement applies to this activity?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under Georgia law, holding oneself out as giving insurance advice for a fee — such as analyzing coverage and recommending whether policies should be replaced — requires a counselor license. A producer license alone does not authorize fee-based advisory services, and the Office of Commissioner of Insurance and Safety Fire regulates who may act as an insurance counselor in this state.
Why the other options are wrong
- A) A producer license authorizes selling insurance, not charging fees for advisory analysis; the counselor license is the required credential.
- B) Putting the advice in writing does not remove the licensing requirement; the trigger is giving insurance advice for a fee.
- D) Fee-based policy advice is not reserved to insurer home offices; properly licensed counselors may provide it.
Memory hook
Advice for pay? You need a counselor's say.