Georgia Insurance Licensing Exam | Q&A
Study Notes | 2026 Update | A+ Accurate
Guide
• An insurance agent is in violation of the Rules Governing Advertisement of Life
Insurance and Annuities if the agent takes which of the following actions during a sales
presentation? -✓✓Refers to guaranteed policy dividends
• An insurance agent is guilty of twisting if the agent -✓✓misrepresents a policy to
induce a policyowner to surrender an existing policy
• Q is severely injured in an automobile accident and becomes totally disabled. How
many months must Q be disabled before being able to apply for Social Security
disability benefits? -✓✓5
• A variable insurance policy -✓✓does not guarantee a return on its investment
accounts
• Life and health insurance policies are -✓✓Unilateral contracts
• What type of life policy covers two people and pays upon the death of the last insured?
-✓✓Survivorship
• What must the policyowner provide to the insurer for validation that a loss has
occurred? -✓✓Proof of Loss
• Additional coverage can be added to a Whole Life policy by adding a(n) -
✓✓decreasing term rider
• Which of these is NOT relevant when determining the amount of personal life
insurance needed? -✓✓Local unemployment rate
• An annuity promises that, if the annuitant dies before receiving payments equal to the
correct value, the payments will be continued to a beneficiary until an amount equal to
the contract value has been paid. This type of annuity is called -✓✓An installment
Refund annuity
• Which of the following health insurance policy provisions specifies the health care
services a policy will provide? -✓✓Insuring clause
• Which of these types of coverage is best described as a short term medical policy? -
✓✓interim coverage
, • On an Accidental Death and Dismemberment (AD&D) insurance policy, who is
qualified to change the beneficiary designation? -✓✓Policyowner
• Which of the following organizations would make reimbursement payments directly to
the insured individual for covered medical expenditures? -✓✓Commercial insurer
• L takes out a life insurance policy and dies 10 years later. During the claim process,
the insurer discovers that L had understated her age on the application. Under the
Misstatement of Age provision, the insurer will -✓✓adjust the death benefit to a reduced
amount
• A level premium indicates -✓✓the premium is fixed for the entire duration of the
contract
• What benefit does the Payor clause on a Juvenile Life policy provide? -✓✓Premiums
are waived if payor becomes disabled
• The insuring clause -✓✓States the scope and limits of the coverage
• The Replacement of Life Insurance and Annuities regulation is designed to protect the
interest of the -✓✓policyowner
• Long Term Care policies will usually pay for eligible benefits using which of the
following methods? -✓✓Expense incurred
• When an insured has the same disability within a specified time period and the
insurance company provides the same benefits without a new waiting period, the
second disability is covered under which of the following benefits? -✓✓Recurrent
Disability
• Comprehensive Major Medical policies usually combine -✓✓Major Medical with Basic
Hospital/Surgical coverage
• Insurance policies are considered aleatory contracts because -✓✓performance is
conditioned upon a future occurrence
• Which of these statements concerning an individual Disability Income policy is TRUE?
-✓✓Normally includes an Elimination period
• K has an Accidental Death and Dismemberment (AD&D) insurance policy where her
husband is beneficiary and her daughter is contingent beneficiary. Under the Common
Disaster clause, if K and her husband are both killed in an automobile accident, where
would the death proceeds be directed? -✓✓daughter
Study Notes | 2026 Update | A+ Accurate
Guide
• An insurance agent is in violation of the Rules Governing Advertisement of Life
Insurance and Annuities if the agent takes which of the following actions during a sales
presentation? -✓✓Refers to guaranteed policy dividends
• An insurance agent is guilty of twisting if the agent -✓✓misrepresents a policy to
induce a policyowner to surrender an existing policy
• Q is severely injured in an automobile accident and becomes totally disabled. How
many months must Q be disabled before being able to apply for Social Security
disability benefits? -✓✓5
• A variable insurance policy -✓✓does not guarantee a return on its investment
accounts
• Life and health insurance policies are -✓✓Unilateral contracts
• What type of life policy covers two people and pays upon the death of the last insured?
-✓✓Survivorship
• What must the policyowner provide to the insurer for validation that a loss has
occurred? -✓✓Proof of Loss
• Additional coverage can be added to a Whole Life policy by adding a(n) -
✓✓decreasing term rider
• Which of these is NOT relevant when determining the amount of personal life
insurance needed? -✓✓Local unemployment rate
• An annuity promises that, if the annuitant dies before receiving payments equal to the
correct value, the payments will be continued to a beneficiary until an amount equal to
the contract value has been paid. This type of annuity is called -✓✓An installment
Refund annuity
• Which of the following health insurance policy provisions specifies the health care
services a policy will provide? -✓✓Insuring clause
• Which of these types of coverage is best described as a short term medical policy? -
✓✓interim coverage
, • On an Accidental Death and Dismemberment (AD&D) insurance policy, who is
qualified to change the beneficiary designation? -✓✓Policyowner
• Which of the following organizations would make reimbursement payments directly to
the insured individual for covered medical expenditures? -✓✓Commercial insurer
• L takes out a life insurance policy and dies 10 years later. During the claim process,
the insurer discovers that L had understated her age on the application. Under the
Misstatement of Age provision, the insurer will -✓✓adjust the death benefit to a reduced
amount
• A level premium indicates -✓✓the premium is fixed for the entire duration of the
contract
• What benefit does the Payor clause on a Juvenile Life policy provide? -✓✓Premiums
are waived if payor becomes disabled
• The insuring clause -✓✓States the scope and limits of the coverage
• The Replacement of Life Insurance and Annuities regulation is designed to protect the
interest of the -✓✓policyowner
• Long Term Care policies will usually pay for eligible benefits using which of the
following methods? -✓✓Expense incurred
• When an insured has the same disability within a specified time period and the
insurance company provides the same benefits without a new waiting period, the
second disability is covered under which of the following benefits? -✓✓Recurrent
Disability
• Comprehensive Major Medical policies usually combine -✓✓Major Medical with Basic
Hospital/Surgical coverage
• Insurance policies are considered aleatory contracts because -✓✓performance is
conditioned upon a future occurrence
• Which of these statements concerning an individual Disability Income policy is TRUE?
-✓✓Normally includes an Elimination period
• K has an Accidental Death and Dismemberment (AD&D) insurance policy where her
husband is beneficiary and her daughter is contingent beneficiary. Under the Common
Disaster clause, if K and her husband are both killed in an automobile accident, where
would the death proceeds be directed? -✓✓daughter
