Georgia Laws And Rules Pertinent Study
Guide Questions With Correct Answers
"Controlled business" is MOST ACCURATELY described as☑️Correct Ans-insurance placed
by an agent on the agent's own life, property, or risks
Which of the following is an unfair claims practice?☑️Correct Ans-Failing to effectuate
prompt, fair, and equitable settlements of claims
Inducing or attempting to induce any insured person through misrepresentation to lapse, forfeit,
or surrender insurance is☑️Correct Ans-twisting
An insurance company licensed in Georgia and domiciled in Pennsylvania is known
as☑️Correct Ans-a foreign company
An insurance company may be judged guilty of false advertising if it☑️Correct Ans-
exaggerates its dividends in a newspaper advertisement
Long-term care policies issued in Georgia must provide benefits for at least☑️Correct Ans-12
months
Before a licensed agent is eligible to transact insurance sales, they must be☑️Correct Ans-
appointed by an insurance company
A creditor who requires a debtor to obtain insurance from a particular company or agent as a
condition for a loan is guilty of☑️Correct Ans-coercion
Coverage of newborn children is provided by individual and group accident and health contracts
from☑️Correct Ans-the moment of birth
Guide Questions With Correct Answers
"Controlled business" is MOST ACCURATELY described as☑️Correct Ans-insurance placed
by an agent on the agent's own life, property, or risks
Which of the following is an unfair claims practice?☑️Correct Ans-Failing to effectuate
prompt, fair, and equitable settlements of claims
Inducing or attempting to induce any insured person through misrepresentation to lapse, forfeit,
or surrender insurance is☑️Correct Ans-twisting
An insurance company licensed in Georgia and domiciled in Pennsylvania is known
as☑️Correct Ans-a foreign company
An insurance company may be judged guilty of false advertising if it☑️Correct Ans-
exaggerates its dividends in a newspaper advertisement
Long-term care policies issued in Georgia must provide benefits for at least☑️Correct Ans-12
months
Before a licensed agent is eligible to transact insurance sales, they must be☑️Correct Ans-
appointed by an insurance company
A creditor who requires a debtor to obtain insurance from a particular company or agent as a
condition for a loan is guilty of☑️Correct Ans-coercion
Coverage of newborn children is provided by individual and group accident and health contracts
from☑️Correct Ans-the moment of birth
