Georgia Insurance Exam 2025 Questions
and Answers
In a participation plan, the insured may be eligible for which of the following?
Guaranteed dividends
A partial premium refund
An increase in insurance over time
Lower premiums - ANSWER-A partial premium refund
The policy conditions define.
.
How parties to the contract must act following a loss.
The basic underwriting information.
The excluded perils.
The amount of coverage. - ANSWER-How parties to the contract must act
following a loss.
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,An insured has a liability policy that sets the amount for all claims that arise from a
single incident at $50,000. Which type of limit of liability does this insured's policy
have?
Split
Per occurrence
Per person
Aggregate - ANSWER-Per occurrence
Which of the following would be covered under personal injury liability?
Slander
A broken arm
A concussion
Death - ANSWER-Slander
A liability policy that provides coverage for a claim for injury or damage if the
claim is first reported or filed against the insured during the policy period is called
Claims-made form.
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,Bodily injury/property damage form.
Occurrence form.
Premises coverage. - ANSWER-Claims-made form.
Duties of the insurer found in property policy conditions include all of the
following EXCEPT
Notify the insured in the event of financial difficulty.
Pay covered losses.
Provide advance notice of cancellation.
Return any premiums to the insured. - ANSWER-Notify the insured in the event
of financial difficulty.
The members of a limited liability company are insureds under a businessowners
policy (BOP) if
A single individual member of the limited liability company is listed as the named
insured.
Members of a limited liability company cannot be insureds under a BOP.
The limited liability company is designated as the named insured.
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, Each individual is listed as a named insured on the policy. - ANSWER-The limited
liability company is designated as the named insured.
When the amount of insurance written in a property policy is not subject to any
coinsurance provision and that amount is paid in the event of a covered loss, the
coverage is said to be written as
Specific insurance.
Stated amount.
Replacement cost.
Actual cash value. - ANSWER-Stated amount.
Which of the following is a common exclusion found in Part D: Coverage for
Damage to Your Auto of a PAP?
Towing and labor
Mechanical breakdown
Glass breakage
Riot or civil commotion - ANSWER-Mechanical breakdown
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and Answers
In a participation plan, the insured may be eligible for which of the following?
Guaranteed dividends
A partial premium refund
An increase in insurance over time
Lower premiums - ANSWER-A partial premium refund
The policy conditions define.
.
How parties to the contract must act following a loss.
The basic underwriting information.
The excluded perils.
The amount of coverage. - ANSWER-How parties to the contract must act
following a loss.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
,An insured has a liability policy that sets the amount for all claims that arise from a
single incident at $50,000. Which type of limit of liability does this insured's policy
have?
Split
Per occurrence
Per person
Aggregate - ANSWER-Per occurrence
Which of the following would be covered under personal injury liability?
Slander
A broken arm
A concussion
Death - ANSWER-Slander
A liability policy that provides coverage for a claim for injury or damage if the
claim is first reported or filed against the insured during the policy period is called
Claims-made form.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
,Bodily injury/property damage form.
Occurrence form.
Premises coverage. - ANSWER-Claims-made form.
Duties of the insurer found in property policy conditions include all of the
following EXCEPT
Notify the insured in the event of financial difficulty.
Pay covered losses.
Provide advance notice of cancellation.
Return any premiums to the insured. - ANSWER-Notify the insured in the event
of financial difficulty.
The members of a limited liability company are insureds under a businessowners
policy (BOP) if
A single individual member of the limited liability company is listed as the named
insured.
Members of a limited liability company cannot be insureds under a BOP.
The limited liability company is designated as the named insured.
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 3
, Each individual is listed as a named insured on the policy. - ANSWER-The limited
liability company is designated as the named insured.
When the amount of insurance written in a property policy is not subject to any
coinsurance provision and that amount is paid in the event of a covered loss, the
coverage is said to be written as
Specific insurance.
Stated amount.
Replacement cost.
Actual cash value. - ANSWER-Stated amount.
Which of the following is a common exclusion found in Part D: Coverage for
Damage to Your Auto of a PAP?
Towing and labor
Mechanical breakdown
Glass breakage
Riot or civil commotion - ANSWER-Mechanical breakdown
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