State RegulationsGA specificDifficulty 3/5
A producer holding a Georgia temporary license issued after the former agent's death wants to keep servicing the block of business permanently. What is the effect of the temporary license when it runs out?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under O.C.G.A. § 33-23-13, a temporary license exists only to permit servicing or orderly disposition of the former agent's business. It may be renewed up to a maximum total duration of 15 months, but it never transfers to or converts into a regular resident producer license. Permanent servicing requires obtaining a standard license through the ordinary examination and application process.
Why the other options are wrong
- A) No automatic conversion exists; the statute expressly provides that a temporary license does not transfer or convert to a resident license.
- B) Renewals only extend the temporary status within the 15-month maximum; they never mature into a full resident license.
- C) Renewals are capped by the 15-month maximum total duration, so indefinite renewal is impossible regardless of the block of business.
Memory hook
Temporary licenses expire, they don't transform.