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Ga Adjuster Exam Review / Actual Exam
With 100% Verified Questions And
Correct Solutions| Already Graded A+
In GA, _____insurance cannot be written by a reciprocal type insurer. - correct-
answer-life
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 - correct-answer-Code
Mediation is not _____ on the parties involved, but with arbitration the decision is
final and _____. - correct-answer-Binding
Standard and Poor's, A.M. Best and Moody's are examples of: - correct-answer-
Independent Rating Services
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What is the application fee for filing to become a self-insurer for workers
compensation in Georgia? - correct-answer-$500
Insurance adjusters have the "power to bind". Which of the following statements
best describes what this means? - correct-answer-The principal is bound to the
decisions of the adjuster.
The perils most frequently covered by a Difference in Conditions policy are: -
correct-answer-Flood and Earthquake
What is the purpose of the Georgia Insurance Guaranty Association? - correct-
answer-Cover claims of insolvent insurers
Twisting - correct-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.
The Commissioner can hold hearings for any purpose he or she deems necessary
but must give notice of the time and place of the hearing, must provide that the
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hearing be open to the public, and provide a notice of at least: - correct-answer-
30 days
If the Agreed Value option of the Business Income form is selected by the insured,
the coinsurance requirement is: - correct-answer-Waived
Advertising injury coverage applies only if the offense arises from: - correct-
answer-Misappropriation of ideas or copyright infringement in the course of any
advertising
All of the following would be covered under a Builders Risk Policy, EXCEPT: -
correct-answer-A prospective buyer
Which of the following is not considered to be a residual market in Georgia? -
correct-answer-Georgia Insurance Guaranty Fund.
The Commissioner in Georgia may, after a hearing, fine an insurance company
which of the following if violations of the insurance code are discovered? -
correct-answer-$2,000 for each act of misconduct and up to $5,000 for each act
of willful misconduct.
Ga Adjuster Exam Review / Actual Exam
With 100% Verified Questions And
Correct Solutions| Already Graded A+
In GA, _____insurance cannot be written by a reciprocal type insurer. - correct-
answer-life
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 - correct-answer-Code
Mediation is not _____ on the parties involved, but with arbitration the decision is
final and _____. - correct-answer-Binding
Standard and Poor's, A.M. Best and Moody's are examples of: - correct-answer-
Independent Rating Services
, Page |2
What is the application fee for filing to become a self-insurer for workers
compensation in Georgia? - correct-answer-$500
Insurance adjusters have the "power to bind". Which of the following statements
best describes what this means? - correct-answer-The principal is bound to the
decisions of the adjuster.
The perils most frequently covered by a Difference in Conditions policy are: -
correct-answer-Flood and Earthquake
What is the purpose of the Georgia Insurance Guaranty Association? - correct-
answer-Cover claims of insolvent insurers
Twisting - correct-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.
The Commissioner can hold hearings for any purpose he or she deems necessary
but must give notice of the time and place of the hearing, must provide that the
, Page |3
hearing be open to the public, and provide a notice of at least: - correct-answer-
30 days
If the Agreed Value option of the Business Income form is selected by the insured,
the coinsurance requirement is: - correct-answer-Waived
Advertising injury coverage applies only if the offense arises from: - correct-
answer-Misappropriation of ideas or copyright infringement in the course of any
advertising
All of the following would be covered under a Builders Risk Policy, EXCEPT: -
correct-answer-A prospective buyer
Which of the following is not considered to be a residual market in Georgia? -
correct-answer-Georgia Insurance Guaranty Fund.
The Commissioner in Georgia may, after a hearing, fine an insurance company
which of the following if violations of the insurance code are discovered? -
correct-answer-$2,000 for each act of misconduct and up to $5,000 for each act
of willful misconduct.
