GA Adjuster Exam Review With complete
solution Latest 2025/26 Updated 100%
PASS
In GA, _____insurance cannot be written by a reciprocal type insurer. - Correct Answers life
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the -
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers Code II! II! II! II!
II! Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. -
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers Binding II! II! II! II!
II! Standard and Poor's, A.M. Best and Moody's are examples of: - Correct Answers Independent Rating
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Services
II! What is the application fee for filing to become a self-insurer for workers compensation in Georgia? -
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers $500 II! II! II! II!
II! Insurance adjusters have the "power to bind". Which of the following statements best describes what this
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! means? - Correct Answers The principal is bound to the decisions of the adjuster.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! The perils most frequently covered by a Difference in Conditions policy are: - Correct Answers Flood and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Earthquake
II! What is the purpose of the Georgia Insurance Guaranty Association? - Correct Answers Cover claims of
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! insolvent insurers II!
II! Twisting - Correct Answers The act of inducing or attempting to induce a policy owner to drop an existing
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! life insurance policy and to take another policy that is substantially the same kind by using
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! misrepresentations or incomplete comparisons of the advantages and disadvantages of the two policies. II! II! II! II! II! II! II! II! II! II! II! II!
II! Most states have enacted legislation making twisting a crime.
II! II! II! II! II! II! II! II!
, II! Churning - Correct Answers Churning occurs when an insurance agent replaces a policyholder's
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! insurance policy for another insurance policy, usually without consulting the policyholder and often with
II! II! II! II! II! II! II! II! II! II! II! II! II!
II! no changes to the coverage itself. Agents who engage in churning do so in order to secure an additional
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! commission for the new policy they swap in. II! II! II! II! II! II! II!
II! Rebating - Correct Answers Rebating — a portion of the premium or the agent's/broker's commission on
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! the premium to the insured or other inducements to place business with a specific insurer. Rebating is
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! illegal in the majority of states. Insurers must use filed rate credits or have supporting methodology.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Uninsured motorist coverage law in Georgia applies to bodily injury claims sustained by an insured and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! caused by an uninsured motorist as defined by the law. UMPD coverage is also included. - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers II! II! II!
II! In Georgia, the Chief Deputy Commissioner must execute a bond in the amount of: - Correct Answers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! $15,000
II! Adjusters must maintain record of each investigation or adjustment undertaken, and a statement of any
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! fee, commission, or other compensation received or to be received on account of the investigation or
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! adjustment. How long must the records be maintained for examination? - Correct Answers 5 II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! The limits of the Employers' Liability section of a standard workers' compensation policy are: - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers Listed on the information page II! II! II! II! II! II! II!
II! An insured has purchased BAP physical damage coverage against specified causes of loss. Protection
II! II! II! II! II! II! II! II! II! II! II! II! II!
II! applies to all of the following perils, EXCEPT: - Correct Answers Falling objects
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Which of the following statements is NOT TRUE of the Builders' Risk coverage form? - Correct Answers T
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! An insured carries a liability policy and an umbrella policy. The verdict in a personal injury liability suit was
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! higher than the insured's underlying liability policy's limit of insurance. In this situation: - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers The insurance company providing the insured's umbrella liability policy can appeal the case at
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! its own expense even if the insured and the company providing the underlying policy do not appeal.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
solution Latest 2025/26 Updated 100%
PASS
In GA, _____insurance cannot be written by a reciprocal type insurer. - Correct Answers life
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the -
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers Code II! II! II! II!
II! Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. -
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers Binding II! II! II! II!
II! Standard and Poor's, A.M. Best and Moody's are examples of: - Correct Answers Independent Rating
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Services
II! What is the application fee for filing to become a self-insurer for workers compensation in Georgia? -
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Correct Answers $500 II! II! II! II!
II! Insurance adjusters have the "power to bind". Which of the following statements best describes what this
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! means? - Correct Answers The principal is bound to the decisions of the adjuster.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! The perils most frequently covered by a Difference in Conditions policy are: - Correct Answers Flood and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Earthquake
II! What is the purpose of the Georgia Insurance Guaranty Association? - Correct Answers Cover claims of
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! insolvent insurers II!
II! Twisting - Correct Answers The act of inducing or attempting to induce a policy owner to drop an existing
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! life insurance policy and to take another policy that is substantially the same kind by using
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! misrepresentations or incomplete comparisons of the advantages and disadvantages of the two policies. II! II! II! II! II! II! II! II! II! II! II! II!
II! Most states have enacted legislation making twisting a crime.
II! II! II! II! II! II! II! II!
, II! Churning - Correct Answers Churning occurs when an insurance agent replaces a policyholder's
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! insurance policy for another insurance policy, usually without consulting the policyholder and often with
II! II! II! II! II! II! II! II! II! II! II! II! II!
II! no changes to the coverage itself. Agents who engage in churning do so in order to secure an additional
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! commission for the new policy they swap in. II! II! II! II! II! II! II!
II! Rebating - Correct Answers Rebating — a portion of the premium or the agent's/broker's commission on
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! the premium to the insured or other inducements to place business with a specific insurer. Rebating is
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! illegal in the majority of states. Insurers must use filed rate credits or have supporting methodology.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Uninsured motorist coverage law in Georgia applies to bodily injury claims sustained by an insured and
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! caused by an uninsured motorist as defined by the law. UMPD coverage is also included. - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers II! II! II!
II! In Georgia, the Chief Deputy Commissioner must execute a bond in the amount of: - Correct Answers
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! $15,000
II! Adjusters must maintain record of each investigation or adjustment undertaken, and a statement of any
II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! fee, commission, or other compensation received or to be received on account of the investigation or
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! adjustment. How long must the records be maintained for examination? - Correct Answers 5 II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! The limits of the Employers' Liability section of a standard workers' compensation policy are: - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers Listed on the information page II! II! II! II! II! II! II!
II! An insured has purchased BAP physical damage coverage against specified causes of loss. Protection
II! II! II! II! II! II! II! II! II! II! II! II! II!
II! applies to all of the following perils, EXCEPT: - Correct Answers Falling objects
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Which of the following statements is NOT TRUE of the Builders' Risk coverage form? - Correct Answers T
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! An insured carries a liability policy and an umbrella policy. The verdict in a personal injury liability suit was
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! higher than the insured's underlying liability policy's limit of insurance. In this situation: - Correct
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! Answers The insurance company providing the insured's umbrella liability policy can appeal the case at
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
II! its own expense even if the insured and the company providing the underlying policy do not appeal.
II! II! II! II! II! II! II! II! II! II! II! II! II! II! II! II!
