Georgia insurance exam Practice
Questions and Answers 100% Pass
If an insurance company makes a statement that its policies are guaranteed
by the existence of the Insurance Guaranty Association, that would be
considered - ANSWER✔✔-An unfair trade practice
Medicare Part A services do NOT include which of the following? -
ANSWER✔✔-Outpatient Hospital Treatment
tion: 16
Once an agent has met the requirements to sell long-term care insurance
partnership policies, how often must the agent complete the 4 hours of
ongoing training courses? - ANSWER✔✔-Every 24 months
Which of the following terms best describe the coverage provided by term
policies, as compared to any other form of protection? - ANSWER✔✔-
Greatest
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/21
,(Term policies provide for the greatest amount of coverage for the lowest
premium, as compared to any other form of protection)
21
Under the Fair Credit Reporting Act, individuals rejected for insurance due
to information contained in a consumer report - ANSWER✔✔-Must be
informed of the source of the report
Which of the following is NOT a feature of a guaranteed renewable
provision? - ANSWER✔✔-The insurer can increase the policy premium on
a individual basis.
An insurer would like to add a provision to its individual health insurance
policies. This particular provision would be consistent with uniform
provisions. Which of the following is TRUE? - ANSWER✔✔-The provision
would be allowed, as long as it is approved by the state.
Which of the following is correct regarding the taxation of group medical
expense premiums and benefits? - ANSWER✔✔-Premiums are tax
deductible and benefits are not taxed
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, Which of the following determines whether disability insurance benefits
are taxed? - ANSWER✔✔-Whether the premiums were tax deductible
All of the following statements concerning Medicaid are correct EXCEPT -
ANSWER✔✔-Medicaid is a state funded program that provides health care
to persons over age 65, only.
What is the advantage of reinstating a policy instead of applying for a new
one? - ANSWER✔✔-The original age is used for premium determination
What is an important feature of a dental expense insurance plan that is
NOT typically found in a medical expense insurance plan? - ANSWER✔✔-
Diagnostic and preventive care
In reference to the standard Medicare Supplement benefits plans, what
does the term standard mean? - ANSWER✔✔-All providers will have the
same coverage options and conditions for each plan
In a direct transfer, how is money transferred from one retirement plan to a
traditional IRA? - ANSWER✔✔-From trustee to trustee
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Questions and Answers 100% Pass
If an insurance company makes a statement that its policies are guaranteed
by the existence of the Insurance Guaranty Association, that would be
considered - ANSWER✔✔-An unfair trade practice
Medicare Part A services do NOT include which of the following? -
ANSWER✔✔-Outpatient Hospital Treatment
tion: 16
Once an agent has met the requirements to sell long-term care insurance
partnership policies, how often must the agent complete the 4 hours of
ongoing training courses? - ANSWER✔✔-Every 24 months
Which of the following terms best describe the coverage provided by term
policies, as compared to any other form of protection? - ANSWER✔✔-
Greatest
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 1/21
,(Term policies provide for the greatest amount of coverage for the lowest
premium, as compared to any other form of protection)
21
Under the Fair Credit Reporting Act, individuals rejected for insurance due
to information contained in a consumer report - ANSWER✔✔-Must be
informed of the source of the report
Which of the following is NOT a feature of a guaranteed renewable
provision? - ANSWER✔✔-The insurer can increase the policy premium on
a individual basis.
An insurer would like to add a provision to its individual health insurance
policies. This particular provision would be consistent with uniform
provisions. Which of the following is TRUE? - ANSWER✔✔-The provision
would be allowed, as long as it is approved by the state.
Which of the following is correct regarding the taxation of group medical
expense premiums and benefits? - ANSWER✔✔-Premiums are tax
deductible and benefits are not taxed
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 2/21
, Which of the following determines whether disability insurance benefits
are taxed? - ANSWER✔✔-Whether the premiums were tax deductible
All of the following statements concerning Medicaid are correct EXCEPT -
ANSWER✔✔-Medicaid is a state funded program that provides health care
to persons over age 65, only.
What is the advantage of reinstating a policy instead of applying for a new
one? - ANSWER✔✔-The original age is used for premium determination
What is an important feature of a dental expense insurance plan that is
NOT typically found in a medical expense insurance plan? - ANSWER✔✔-
Diagnostic and preventive care
In reference to the standard Medicare Supplement benefits plans, what
does the term standard mean? - ANSWER✔✔-All providers will have the
same coverage options and conditions for each plan
In a direct transfer, how is money transferred from one retirement plan to a
traditional IRA? - ANSWER✔✔-From trustee to trustee
Copyright ©EMILLYCHARLOTE 2025 ACADEMIC YEAR, ALL RIGHTS RESERVED. Page 3/21
