State RegulationsGA specificDifficulty 1/5
A producer in Atlanta receives a new Georgia life and accident & sickness license. Unless renewed, for how long does the license remain in effect and when does it expire?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under O.C.G.A. § 33-23-18, a Georgia producer license runs for 2 years and expires on the last day of the licensee's birth month. Because the term is tied to the birth month, a newly licensed producer's initial term runs 18 to 29 months depending on the month of licensure, and the renewal application must be filed before that expiration date to keep the license in force.
Why the other options are wrong
- B) The term is 2 years, not 1 year, and expiration is keyed to the birth month rather than the issue-date anniversary.
- C) Although the term is 2 years, expiration falls on the last day of the birth month, not on the issue-date anniversary.
- D) Georgia licenses run for 2 years, not 3 years; only the birth-month expiration element is correct here.
Memory hook
Birth-month birthday: your license dies on the last day of your birthday month, every 2 years.