If an individual fails to comply with a cease and desist, how many days does the Commissioner have to revoke the Certificate of Authority?

Study for the Georgia Personal Lines Agent Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The correct answer, 30 Days, is based on the regulatory framework set forth for compliance in insurance practices. When an individual or entity disregards a cease and desist order issued by the insurance commissioner, the law provides a specific time frame for the commissioner to take action against the individual or entity's Certificate of Authority.

This 30-day period allows the commissioner to ensure that due process is followed before revoking the authority, giving the involved party an opportunity to respond or comply with the order. It reflects the balance between enforcing regulations and allowing for fairness in addressing compliance issues.

In the context of insurance regulation, such a timeframe is critical to maintain the integrity of the licensing process while upholding the enforcement of compliance measures. Understanding this timeframe is essential for those operating within Georgia's insurance landscape, as it directly affects their business operations and legal obligations.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy