Georgia Insurance Laws Exam 2025
Questions and Answers
The chief officer of Georgia's Department of Insurance is the
___________________ - ANSWER-Insurance Commissioner
The insurance commissioner is elected to office for how long? - ANSWER-4 years
The Commissioner enforces and executes the duties imposed by the
__________________. - ANSWER-Insurance Code.
The Commissioner must have rules or regulations approved by the Attorney
General and on public file for at least ________ days before a rule/regulation
becomes effective. - ANSWER-10 days
The Commissioner, or a person authorized by the Commissioner, may conduct an
examination of any insurer authorized to do business in this state as often as
necessary, but domestic insurers must be examined at least once every ______
years. - ANSWER-5 years
If the Commissioner finds accounts and records to be inadequate or incorrectly
kept or posted, the person being examined will have _____ days upon notification
to correct the accounting. - ANSWER-60 days
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, The Commissioner must provide a copy of the proposed examination report to the
insurer examined at least ____ days before the report is filed. - ANSWER-20 days
Any demand for a hearing must be held within ____ days after receipt of such
demand. - ANSWER-30 days
In general, the Commissioner must give at least ___ days' advance notice of the
time and place of a hearing stating the matters to be considered - ANSWER-10
days
The Commissioner must issue a final order within _____days after a hearing is
concluded. - ANSWER-30 days
If it appears that a person has engaged in, is engaging in, or is about to engage in a
prohibited act, the Commissioner may issue a____________________ if it is in
the public's best interest to prohibit that person from continuing such act, practice,
or transaction. - ANSWER-cease and desist order
In addition to issuing a cease and desist order, the Commissioner has the authority
to:
-Place the violator on probation for up to __ year for each act in violation
Assess a penalty of up to $________ for each act or violation, or up to
$_________ per violation if the person knew or reasonably should have known
he/she was in violation - ANSWER-1 year, $2,000, and $5,000
The penalties for a violation of a cease and desist order are:
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
Questions and Answers
The chief officer of Georgia's Department of Insurance is the
___________________ - ANSWER-Insurance Commissioner
The insurance commissioner is elected to office for how long? - ANSWER-4 years
The Commissioner enforces and executes the duties imposed by the
__________________. - ANSWER-Insurance Code.
The Commissioner must have rules or regulations approved by the Attorney
General and on public file for at least ________ days before a rule/regulation
becomes effective. - ANSWER-10 days
The Commissioner, or a person authorized by the Commissioner, may conduct an
examination of any insurer authorized to do business in this state as often as
necessary, but domestic insurers must be examined at least once every ______
years. - ANSWER-5 years
If the Commissioner finds accounts and records to be inadequate or incorrectly
kept or posted, the person being examined will have _____ days upon notification
to correct the accounting. - ANSWER-60 days
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, The Commissioner must provide a copy of the proposed examination report to the
insurer examined at least ____ days before the report is filed. - ANSWER-20 days
Any demand for a hearing must be held within ____ days after receipt of such
demand. - ANSWER-30 days
In general, the Commissioner must give at least ___ days' advance notice of the
time and place of a hearing stating the matters to be considered - ANSWER-10
days
The Commissioner must issue a final order within _____days after a hearing is
concluded. - ANSWER-30 days
If it appears that a person has engaged in, is engaging in, or is about to engage in a
prohibited act, the Commissioner may issue a____________________ if it is in
the public's best interest to prohibit that person from continuing such act, practice,
or transaction. - ANSWER-cease and desist order
In addition to issuing a cease and desist order, the Commissioner has the authority
to:
-Place the violator on probation for up to __ year for each act in violation
Assess a penalty of up to $________ for each act or violation, or up to
$_________ per violation if the person knew or reasonably should have known
he/she was in violation - ANSWER-1 year, $2,000, and $5,000
The penalties for a violation of a cease and desist order are:
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
