It is well known that, in order to sell insurance, you need to pass an exam and obtain a license. States vary as to the required courses, renewal frequency, and required continuing education credits, but having a license is mandatory. Selling insurance without a license is prohibited, and the consequences of selling insurance without a license are state-specific. Even if a carrier is non-admitted, the person selling the policy must have a license.
The Georgia Office of the Commissioner of Insurance has become aware of individuals selling insurance without a Georgia license. A bulletin issued by the Department and directed to non-admitted insurers addresses this issue. The Office will begin issuing fines for unlicensed agents and brokers on July 1, 2022, for policies sold by agents without a valid Georgia license. These fines will be assessed on a "per policy" basis and increase for each policy sold:
| Policy | Fine Amount |
| 1st policy | $100.00 |
| 2nd policy | $500.00 |
| 3rd policy | $1,000.00 |
| 4th policy | $1,500.00 |
| 5th policy | $2,000.00 |
| 6th policy | $5,000.00 each |
As the fines are per policy, the dollars add up quickly for those violating the regulations. A copy of the notice can be found here.