How many days does an insurance company in Georgia have to notify the Commissioner to terminate an agent's appointment?

In Georgia, an insurance company is required to notify the Commissioner of Insurance within 30 days when terminating an agent's appointment. This timeline is established under Georgia law to ensure that the regulatory agency stays informed about changes in agent licensing status, maintaining the integrity of the insurance market and protecting consumers. Timely communication helps prevent any potential misconduct or misrepresentation in insurance transactions. This specific timeframe allows for a structured process of oversight and accountability in the insurance industry within Georgia. This standard contrasts with other periods that might apply in different contexts or jurisdictions, hence reinforcing the importance of knowing the specific laws that govern practices in Georgia.