Georgia insurance laws Exam 2025
Questions and Answers
A temporary agent may: - --Answer --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: - --Answer --
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? - --Answer --15%
Which of the following are required to be covered by work comp? - --
Answer --restaurant employees
Under Georgia insurance laws, a person who sells insurance for a licensed agent is
known as a/an? - --Answer --subagent
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,In the area of auto insurance, the residual market is intended to provide insurance
for the: - --Answer --worst drivers
Each of the following will satisfy the Commissioner's requirement for a place of
business: - --Answer --- 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: - --Answer --insurer
Licensees must keep copies of all records for: - --Answer --5 years
The Commissioner may suspend or revoke an Agent's license for all of the
following: - --Answer --- having been convicted of a felony
- failing to comply with a commissioner order
- using fraudulent information while conducting insurance business
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
, An auto policy may be cancelled due to each of the following involving an Insured
within the prior 36 months: - --Answer --- criminal negligence resulting in an
accident that kills someone
- drug addiction
-drunk driving
Paying a person an inducement to purchase insurance is called: - --Answer --
rebating
Each of the following is a method of satisfying the Georgia Motor Vehicle
Reparations Act - --Answer --- auto liability insurance
- a certificate of self-insurance
- surety bond
To show eligibility under the Defensive Driver Law, one must have had during the
prior 3 years: - --Answer --no at fault accidents and traffic violations
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
Questions and Answers
A temporary agent may: - --Answer --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: - --Answer --
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? - --Answer --15%
Which of the following are required to be covered by work comp? - --
Answer --restaurant employees
Under Georgia insurance laws, a person who sells insurance for a licensed agent is
known as a/an? - --Answer --subagent
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,In the area of auto insurance, the residual market is intended to provide insurance
for the: - --Answer --worst drivers
Each of the following will satisfy the Commissioner's requirement for a place of
business: - --Answer --- 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: - --Answer --insurer
Licensees must keep copies of all records for: - --Answer --5 years
The Commissioner may suspend or revoke an Agent's license for all of the
following: - --Answer --- having been convicted of a felony
- failing to comply with a commissioner order
- using fraudulent information while conducting insurance business
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
, An auto policy may be cancelled due to each of the following involving an Insured
within the prior 36 months: - --Answer --- criminal negligence resulting in an
accident that kills someone
- drug addiction
-drunk driving
Paying a person an inducement to purchase insurance is called: - --Answer --
rebating
Each of the following is a method of satisfying the Georgia Motor Vehicle
Reparations Act - --Answer --- auto liability insurance
- a certificate of self-insurance
- surety bond
To show eligibility under the Defensive Driver Law, one must have had during the
prior 3 years: - --Answer --no at fault accidents and traffic violations
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
