Georgia laws rules regulations pertinent to all adjusters questions and answers 100% pass

Georgia laws rules regulations pertinent to all adjusters questions and answers 100% pass The Georgia Commissioner of Insurance is elected to office for a period of ___ years. - Correct Answer ️️ -4 An insurer who is domiciled in another state and is authorized to do business in Georgia is known as a(n) _____________ insurer. - Correct Answer ️️ -foreign ________________ is verbally suggesting that an insurer may not be in a position to pay claims - Correct Answer ️️ -Defamation A temporary license can be issued for a maximum of ___ months. - Correct Answer ️️ -15 A Homeowners policy may be cancelled by an insurer by mailing advance notice of ___ days to the named insured. - Correct Answer ️️ -30 The minimum limits for ____________________ coverage that may be written in Georgia are 25/50/25. - Correct Answer ️️ -25/50/25 The commissioner of insurance - Correct Answer ️️ -elected/ term 4yrs * supervise insurance business *licensing *approve policies and forms *enforce insurance laws and impose penalties for violations *conduct examinations, investigations, hearings commissioner must examine all domestic insurers - Correct Answer ️️ -at least once every 5 years What is strict liability - Correct Answer ️️ -In criminal and civil law, strict liability is a standard of liability under which a person is legally responsible for the consequences flowing from an activity even in the absence of fault or criminal intent on the part of the defendant General Cancellation Requirements - Correct Answer ️️ -*Cancellation of a policy by the insurer may be accomplished by providing at least 30 days' notice of the effective date of the cancellation *Return premium in excess of amount owed to the agent must be returned tot he insured within 10 working days *If cancellation is due to nonpayment of premium or when a policy that has been in effect for less than 60 days is cancelled for any reason, written notice must be delivered to the named insured at least 10 days prior to the effective date of cancellation. Cancellation and Nonrenewal of Property Policies - Correct Answer ️️ -After coverage under the policy has been in effect for more than 60 days, notice of cancellation may only be issued for: *Nonpayment of premium *Fraud, concealment of material fact, or material misrepresentation made by the insured with the intent to obtain, continue, or file a claim under the policy *A change in risk resulting in an increase in hazard *Violation by the insured of any material terms or conditions of the contract - Correct Answer ️️ - What is the purpose of FAIR - Correct Answer ️️ -to provide property insurance to Georgia citizens and to encourage improvement and development of properties located in