Georgia Life Insurance Exam 2025/2026
Exam Questions and Verified Answers |
Already Graded A+
The agent's - 🧠ANSWER ✔✔Whose responsibility is it to determine that all
the questions on an insurance application are answered?
Underwriting - 🧠ANSWER ✔✔What is the name of the process that
insurance companies use to determine whether or not an applicant is
insurable?
The process of risk selection and classification - 🧠ANSWER ✔✔What is
insurance underwriting?
Loss - 🧠ANSWER ✔✔Insurance is a contract that protects the insured from
what
, Return the application to the applicant for completion - 🧠ANSWER ✔✔What
is the best way to handle incomplete insurance applications
The agent's report discusses the agent's personal observations about the
proposed insured that may help in the underwriting process - 🧠ANSWER
✔✔What is the purpose of the agent's report during the application process
When it is intentional and material - 🧠ANSWER ✔✔When would a
misrepresentation on an insurance application be considered fraud?
Provide the applicant a disclosure authorization notice - 🧠ANSWER ✔✔If
an insurer needs to obtain information about the applicant from
investigators, what is the insurer required to do.
Only one party makes a legally enforceable promise - 🧠ANSWER
✔✔Health insurance contracts are unilateral. What does that mean?
Insurable interest and consent - 🧠ANSWER ✔✔What two elements are
necessary for a life insurance contract to have a legal purpose?
When the insurer approves a prepaid application - 🧠ANSWER ✔✔In
forming an insurance contract, when does acceptance usually occur?
Exam Questions and Verified Answers |
Already Graded A+
The agent's - 🧠ANSWER ✔✔Whose responsibility is it to determine that all
the questions on an insurance application are answered?
Underwriting - 🧠ANSWER ✔✔What is the name of the process that
insurance companies use to determine whether or not an applicant is
insurable?
The process of risk selection and classification - 🧠ANSWER ✔✔What is
insurance underwriting?
Loss - 🧠ANSWER ✔✔Insurance is a contract that protects the insured from
what
, Return the application to the applicant for completion - 🧠ANSWER ✔✔What
is the best way to handle incomplete insurance applications
The agent's report discusses the agent's personal observations about the
proposed insured that may help in the underwriting process - 🧠ANSWER
✔✔What is the purpose of the agent's report during the application process
When it is intentional and material - 🧠ANSWER ✔✔When would a
misrepresentation on an insurance application be considered fraud?
Provide the applicant a disclosure authorization notice - 🧠ANSWER ✔✔If
an insurer needs to obtain information about the applicant from
investigators, what is the insurer required to do.
Only one party makes a legally enforceable promise - 🧠ANSWER
✔✔Health insurance contracts are unilateral. What does that mean?
Insurable interest and consent - 🧠ANSWER ✔✔What two elements are
necessary for a life insurance contract to have a legal purpose?
When the insurer approves a prepaid application - 🧠ANSWER ✔✔In
forming an insurance contract, when does acceptance usually occur?
