Georgia Insurance Adjuster Licensing Exam 2026/2027 |
Real Exam Questions & Verified Answers | Complete
Prep Guide | Grade A
Q: In GA, _____insurance cannot be written by a reciprocal type insurer.
Answer
life
Q: No insurer or licensee doing business in Georgia may pay any commissions or
valuable consideration to any person for services as an agent, subagent, or adjuster
unless that person is duly licensed under the
Answer
Code
Q: Mediation is not _____ on the parties involved, but with arbitration the decision is
final and _____.
Answer
Binding
Q: Standard and Poor's, A.M. Best and Moody's are examples of:
Answer
Independent Rating Services
,Q: What is the application fee for filing to become a self-insurer for workers
compensation in Georgia?
Answer
$500
Q: Insurance adjusters have the "power to bind". Which of the following statements
best describes what this means?
Answer
The principal is bound to the decisions of the adjuster.
Q: The perils most frequently covered by a Difference in Conditions policy are:
Answer
Flood and Earthquake
Q: What is the purpose of the Georgia Insurance Guaranty Association?
Answer
Cover claims of insolvent insurers
Q: Twisting
Answer
The act of inducing or attempting to induce a policy owner to drop an existing life
insurance policy and to take another policy that is substantially the same kind by using
,misrepresentations or incomplete comparisons of the advantages and disadvantages of
the two policies. Most states have enacted legislation making twisting a crime.
Q: Churning
Answer
Churning occurs when an insurance agent replaces a policyholder's insurance policy for
another insurance policy, usually without consulting the policyholder and often with no
changes to the coverage itself. Agents who engage in churning do so in order to secure
an additional commission for the new policy they swap in.
Q: Rebating
Answer
Rebating — a portion of the premium or the agent's/broker's commission on the
premium to the insured or other inducements to place business with a specific insurer.
Rebating is illegal in the majority of states. Insurers must use filed rate credits or have
supporting methodology.
Uninsured motorist coverage law in Georgia applies to bodily injury claims sustained by
an insured and caused by an uninsured motorist as defined by the law. UMPD coverage
is also included.
Q: In Georgia, the Chief Deputy Commissioner must execute a bond in the amount of:
Answer
$15,000
, Q: Adjusters must maintain record of each investigation or adjustment undertaken,
and a statement of any fee, commission, or other compensation received or to be
received on account of the investigation or adjustment. How long must the records be
maintained for examination?
Answer
5
Q: The limits of the Employers' Liability section of a standard workers' compensation
policy are:
Answer
Listed on the information page
Q: An insured has purchased BAP physical damage coverage against specified causes
of loss. Protection applies to all of the following perils, EXCEPT:
Answer
Falling objects
Q: Which of the following statements is NOT TRUE of the Builders' Risk coverage
form?
Answer
T
Real Exam Questions & Verified Answers | Complete
Prep Guide | Grade A
Q: In GA, _____insurance cannot be written by a reciprocal type insurer.
Answer
life
Q: No insurer or licensee doing business in Georgia may pay any commissions or
valuable consideration to any person for services as an agent, subagent, or adjuster
unless that person is duly licensed under the
Answer
Code
Q: Mediation is not _____ on the parties involved, but with arbitration the decision is
final and _____.
Answer
Binding
Q: Standard and Poor's, A.M. Best and Moody's are examples of:
Answer
Independent Rating Services
,Q: What is the application fee for filing to become a self-insurer for workers
compensation in Georgia?
Answer
$500
Q: Insurance adjusters have the "power to bind". Which of the following statements
best describes what this means?
Answer
The principal is bound to the decisions of the adjuster.
Q: The perils most frequently covered by a Difference in Conditions policy are:
Answer
Flood and Earthquake
Q: What is the purpose of the Georgia Insurance Guaranty Association?
Answer
Cover claims of insolvent insurers
Q: Twisting
Answer
The act of inducing or attempting to induce a policy owner to drop an existing life
insurance policy and to take another policy that is substantially the same kind by using
,misrepresentations or incomplete comparisons of the advantages and disadvantages of
the two policies. Most states have enacted legislation making twisting a crime.
Q: Churning
Answer
Churning occurs when an insurance agent replaces a policyholder's insurance policy for
another insurance policy, usually without consulting the policyholder and often with no
changes to the coverage itself. Agents who engage in churning do so in order to secure
an additional commission for the new policy they swap in.
Q: Rebating
Answer
Rebating — a portion of the premium or the agent's/broker's commission on the
premium to the insured or other inducements to place business with a specific insurer.
Rebating is illegal in the majority of states. Insurers must use filed rate credits or have
supporting methodology.
Uninsured motorist coverage law in Georgia applies to bodily injury claims sustained by
an insured and caused by an uninsured motorist as defined by the law. UMPD coverage
is also included.
Q: In Georgia, the Chief Deputy Commissioner must execute a bond in the amount of:
Answer
$15,000
, Q: Adjusters must maintain record of each investigation or adjustment undertaken,
and a statement of any fee, commission, or other compensation received or to be
received on account of the investigation or adjustment. How long must the records be
maintained for examination?
Answer
5
Q: The limits of the Employers' Liability section of a standard workers' compensation
policy are:
Answer
Listed on the information page
Q: An insured has purchased BAP physical damage coverage against specified causes
of loss. Protection applies to all of the following perils, EXCEPT:
Answer
Falling objects
Q: Which of the following statements is NOT TRUE of the Builders' Risk coverage
form?
Answer
T
