Georgia Laws and Rules Exam Practice Questions and Answers 100% Pass

Georgia Laws and Rules Exam Practice 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? - ANSWER-Coercion All agents licensed less than 20 Years are required to complete ___ continuing education hours every two years, - ANSWER-24 In Georgia, most life insurance policies have a contestability period of - ANSWER-2 years All accident and sickness plans MUST provide coverage on newborn children for ___ days - ANSWER-31 In Georgia, an insurer licensed to conduct business in Georgia, but domiciled in New Jersey, is called a - ANSWER-foreign company Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/15 In Georgia, which of the following statements is CORRECT about life insurance advertisements? - 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 - 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 - ANSWER-12 Months An insurance agent is guilty of___ if the agent misrepresents a policy to induce a policyowner to surrender an existing policy. - ANSWER- twisting A domestic insurance company in Georgia is considered a company that - ANSWER-is incorporated and formed in Georgia Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/15 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 - ANSWER-fiduciary responsibility An agent would be guilty of rebating by - 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 - ANSWER-Churning An agent must have ___ hours of ethics per continuing education reporting period - ANSWER-3 Convincing a prospective insured to buy an insurance policy based on exaggerations is called - ANSWER-misrepresentation In Georgia, which of the following is considered an Unfair Trade Practice - ANSWER-Coercion In the state of Georgia, every policyowner must be offered which of the following - ANSWER-free-look period Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 4/15 The purpose of the Rules Governing Advertisement of Life Insurance and Annuities is to - ANSWER-assure full disclosure to the public of all material and relevant information Under which circumstance may the Commissioner of Insurance suspend, revoke, or refuse to renew the license of an agent - ANSWER-Agent is found guilty of misrepresentation in obtaining the license An example of an unfair claims settlement practice is - ANSWER- turning down a claim without providing the basis of denial