GEORGIA CLAIMS ADJUSTER LICENSING
PRACTICE SCRIPT UPDATED 2026 TESTED
SOLUTIONS
⫸ What is the McCarran-Ferguson Act? Answer: A law from the 1940s
that regulates insurance companies.
⫸ What significant change occurred in the 1950s regarding insurance?
Answer: Restrictions on multiline underwriting were lifted.
⫸ What was enacted in the 1960s to combat insurance fraud? Answer:
Wisconsin insurance security fraud legislation.
⫸ What does the Fair Credit Reporting Act pertain to? Answer: It was
established in the 1970s to regulate credit reporting.
⫸ What is the purpose of the Dodd-Frank Act? Answer: It aims to
reform Wall Street and protect consumers.
⫸ What is a conditional receipt in insurance? Answer: It means the
policy is effective only if underwriting approves.
⫸ What does 'binding' mean in insurance? Answer: It indicates that
coverage is effective immediately.
PRACTICE SCRIPT UPDATED 2026 TESTED
SOLUTIONS
⫸ What is the McCarran-Ferguson Act? Answer: A law from the 1940s
that regulates insurance companies.
⫸ What significant change occurred in the 1950s regarding insurance?
Answer: Restrictions on multiline underwriting were lifted.
⫸ What was enacted in the 1960s to combat insurance fraud? Answer:
Wisconsin insurance security fraud legislation.
⫸ What does the Fair Credit Reporting Act pertain to? Answer: It was
established in the 1970s to regulate credit reporting.
⫸ What is the purpose of the Dodd-Frank Act? Answer: It aims to
reform Wall Street and protect consumers.
⫸ What is a conditional receipt in insurance? Answer: It means the
policy is effective only if underwriting approves.
⫸ What does 'binding' mean in insurance? Answer: It indicates that
coverage is effective immediately.
