Georgia Insurance Laws Test | 120 Questions with 100% Correct Answers | Verified | Latest Update 2024

A temporary agent may: - Continue existing business but not sell new policies. Premium rates that are so low that they tend to destroy competition by creating a monopoly are referred to under Georgia insurance laws as: - Inadequate An agent cannot hold a license for the purpose of buying insurance at a discount for the agent or associates. Such insurance is referred to as "controlled business" if it constitutes more than what percentage of the agent's total volume of business per year? - 15% Which of the following are required to be covered by work comp? - restaurant employees Under Georgia insurance laws, a person who sells insurance for a licensed agent is known as a/an? - subagent In the area of auto insurance, the residual market is intended to provide insurance for the: - worst drivers Each of the following will satisfy the Commissioner's requirement for a place of business: - - an office in a shopping mall - an office in another business, such as a real estate office -a home office An agent's appointment letter may be revoked by the: - insurer