Georgia State Life & Health Insurance Laws EXAM QUESTIONS WITH ANSWERS

Georgia State Life & Health Insurance Laws |\ |\ |\ |\ |\ |\ |\




EXAM QUESTIONS WITH ANSWERS |\ |\ |\




How does the Insurance Commissioner get into office. - CORRECT
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ANSWERS ✔✔Elected
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What is the term of the Ins. Commissioner - CORRECT ANSWERS
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✔✔4 years |\




Regulation, Examination of Records, Investigation, Hearing and
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Judicial Review, Issuing Penalties - CORRECT ANSWERS ✔✔What
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are the powers of the Commissioner
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how often does the commissioner examine domestic insurers -
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CORRECT ANSWERS ✔✔5 years |\ |\ |\




length of time the commissioner has to hold a hearing if a person
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has complained and the commissioner feels a hearing is
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warranted - CORRECT ANSWERS ✔✔30 days |\ |\ |\ |\ |\




length of time a violater has to request a hearing regarding a
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penalty from the commissioner - CORRECT ANSWERS ✔✔10 days
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do not pay dividends - CORRECT ANSWERS ✔✔stock companies
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, does pay dividends - CORRECT ANSWERS ✔✔mutual companies
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length of time a company has to pay final restitution on a
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judgement rendered against it in Ga. - CORRECT ANSWERS ✔✔30
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days
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fine for a willful violation of the insurance code - CORRECT
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ANSWERS ✔✔$5,000 per act |\ |\ |\




fine for an unintended violation of the insurance code - CORRECT
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ANSWERS ✔✔$1,000
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age you have to attain to receive an ins. license - CORRECT
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ANSWERS ✔✔18 |\




lenth of time of residence in Ga. that you must maintain in order
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to receive and Ins. license - CORRECT ANSWERS ✔✔6 months
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what could exempt you from taking the pre-licensing course -
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CORRECT ANSWERS ✔✔10 quarter hours of insurance related
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courses within the last 12 months
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amount of continuing education needed each year for agents
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licensed less than 20 years - CORRECT ANSWERS ✔✔15 hours
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amount of continuing education needed each year for agents
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licensed more than 20 years - CORRECT ANSWERS ✔✔10 hours
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