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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.

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