Georgia Laws and Rules Exam Questions and Answers 100% Pass

Georgia Laws and Rules Exam Questions and Answers 100% Pass J is an agent who recently told a claimant that his rights might be impaired if he does not complete a release form within a specified time. What could this agent be found guilty of? - Correct Answer ️️ -Coercion All agents licensed less than 20 Years are required to complete ___ continuing education hours every two years, - Correct Answer ️️ -24 In Georgia, most life insurance policies have a contestability period of - Correct Answer ️️ -2 years All accident and sickness plans MUST provide coverage on newborn children for ___ days - Correct Answer ️️ -31 In Georgia, an insurer licensed to conduct business in Georgia, but domiciled in New Jersey, is called a - Correct Answer ️️ -foreign company In Georgia, which of the following statements is CORRECT about life insurance advertisements? - Correct Answer ️️ -An insurance agency is responsible for advertisements placed by its insurance agents In Georgia, an example of an alien insurer would be one that is incorporated in - Correct Answer ️️ -France Alien insurance company is a company that is charted and organized in any country other than the United States. Therefore, a company chartered in France would be an alien company in Georgia. In Georgia, long-term care policies are required to provide benefits for at least - Correct Answer ️️ -12 Months An insurance agent is guilty of___ if the agent misrepresents a policy to induce a policyowner to surrender an existing policy. - Correct Answer ️️ -twisting A domestic insurance company in Georgia is considered a company that - Correct Answer ️️ -is incorporated and formed in Georgia T is an agent and when hired, is reminded that he has a responsibility to handle clients' funds in an honest and ethical manner. This responsibility is referred to as - Correct Answer ️️ -fiduciary responsibility An agent would be guilty of rebating by - Correct Answer ️️ -returning a portion of a premium as incentive to purchase insurance Using an existing life insurance policy's cash value to purchase another policy with with same insurer for the sole purpose of earning additional commissions is called - Correct Answer ️️ -Churning An agent must have ___ hours of ethics per continuing education reporting period - Correct Answer ️️ -3 Convincing a prospective insured to buy an insurance policy based on exaggerations is called - Correct Answer ️️ -misrepresentation In Georgia, which of the following is considered an Unfair Trade Practice - Correct Answer ️️ -Coercion In the state of Georgia, every policyowner must be offered which of the following - Correct Answer ️️ -free-look period