GEORGIA PROPERTY AND CASUALTY INSURANCE EXAM
NEWEST 2025 ACTUAL EXAM WITH COMPLETE 480
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ | GUARANTEED PASS |
Property and Casualty Insurance Exam – Georgia 2025
How is the coverage usually written for HO-8 forms? - ✔✔✔ Correct Answer >
for the market value of the property.
What are the three parties that may have a financial interest in property
being transported. - ✔✔✔ Correct Answer > 1. Shipper - person sending the
goods.
2. Consignee - person receiving the goods.
3. Carrier - company transporting the goods.
What are the limits of theft on an HO-8 form - ✔✔✔ Correct Answer > actual
cash value of the items, although there are some limits to some items.
What is the difference between a dwelling property form and a
homeowner's form? - ✔✔✔ Correct Answer > The HO form includes coverage
for personal property of the insured and personal liability protection.
,What are the ISO HO form numbers - ✔✔✔ Correct Answer > HO-2
HO-3
HO-4
HO-5
HO-6
HO-8
Homeowners policies are used for the what types of properties or in
what situations? - ✔✔✔ Correct Answer > 1-4 family owner occupied residences
No more than 2 families or 2 boarders per unit
Various ownership types: installments sales contract, life estates,
dwellings under construction, townhouse, and duplexes.
Insuring a tenant (renter's form)
Residential condo or coop unit
Seasonal/secondary residences
6 classes of insurance in Georgia - ✔✔✔ Correct Answer > 1. Life, accident, and
sickness
2. Property, marine, and transportation
3. Casualty
4. Surety
5. Title
,6. Hmos
How often must the Insurance Commission examine domestic insurers?
- ✔✔✔ Correct Answer > Once every 5 years.
What are the penalties after a notice, hearing, and cease and desist
order? - ✔✔✔ Correct Answer > A fine of up to $10,000 per violation
Suspension/revocation of license
Any other appropriate relief.
Express authority - ✔✔✔ Correct Answer > the authority of an agent, stated in
the document or agreement creating the agency
Implied authority - ✔✔✔ Correct Answer > Authority that is not expressed or
written into the contract, but which the agent is assumed to have in
order to transact the business of insurance for the principal.
Apparent authority - ✔✔✔ Correct Answer > The appearance or the assumption
of authority based on the actions, words, or deeds of the principal or
because of circumstances the principal created.
When does an agents license expire? - ✔✔✔ Correct Answer > Licenses are good
to for 2 years and expire on the last day of the licensee's with month.
, What are the CE requirements for an agent? - ✔✔✔ Correct Answer > 24 CE
credit hours every 2 years, including 3 credit hours of ethics.
Agents with licensed for 20 years only need 20 CE credit hours,
including ethics.
How long must an agent keep records regarding contracts, premiums,
etc.? - ✔✔✔ Correct Answer > All records must be kept for 5 years after the
completion of a transaction or for the term of the contract, whichever is
greater.
Misrepresentation - ✔✔✔ Correct Answer > Issuing, publishing, or circulation
and illustration or sales materials that is false, misleading, or deceptive
as to policy benefits or terms, the payments of dividends, etc.
False advertising - ✔✔✔ Correct Answer > advertising that is misleading in some
important way, including the failure to reveal facts about possible
results from using the advertised products
Rebating - ✔✔✔ Correct Answer > Any inducement offered in the sale of
insurance products that is not specified in the policy. They are illegal in
Georgia.
NEWEST 2025 ACTUAL EXAM WITH COMPLETE 480
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ | GUARANTEED PASS |
Property and Casualty Insurance Exam – Georgia 2025
How is the coverage usually written for HO-8 forms? - ✔✔✔ Correct Answer >
for the market value of the property.
What are the three parties that may have a financial interest in property
being transported. - ✔✔✔ Correct Answer > 1. Shipper - person sending the
goods.
2. Consignee - person receiving the goods.
3. Carrier - company transporting the goods.
What are the limits of theft on an HO-8 form - ✔✔✔ Correct Answer > actual
cash value of the items, although there are some limits to some items.
What is the difference between a dwelling property form and a
homeowner's form? - ✔✔✔ Correct Answer > The HO form includes coverage
for personal property of the insured and personal liability protection.
,What are the ISO HO form numbers - ✔✔✔ Correct Answer > HO-2
HO-3
HO-4
HO-5
HO-6
HO-8
Homeowners policies are used for the what types of properties or in
what situations? - ✔✔✔ Correct Answer > 1-4 family owner occupied residences
No more than 2 families or 2 boarders per unit
Various ownership types: installments sales contract, life estates,
dwellings under construction, townhouse, and duplexes.
Insuring a tenant (renter's form)
Residential condo or coop unit
Seasonal/secondary residences
6 classes of insurance in Georgia - ✔✔✔ Correct Answer > 1. Life, accident, and
sickness
2. Property, marine, and transportation
3. Casualty
4. Surety
5. Title
,6. Hmos
How often must the Insurance Commission examine domestic insurers?
- ✔✔✔ Correct Answer > Once every 5 years.
What are the penalties after a notice, hearing, and cease and desist
order? - ✔✔✔ Correct Answer > A fine of up to $10,000 per violation
Suspension/revocation of license
Any other appropriate relief.
Express authority - ✔✔✔ Correct Answer > the authority of an agent, stated in
the document or agreement creating the agency
Implied authority - ✔✔✔ Correct Answer > Authority that is not expressed or
written into the contract, but which the agent is assumed to have in
order to transact the business of insurance for the principal.
Apparent authority - ✔✔✔ Correct Answer > The appearance or the assumption
of authority based on the actions, words, or deeds of the principal or
because of circumstances the principal created.
When does an agents license expire? - ✔✔✔ Correct Answer > Licenses are good
to for 2 years and expire on the last day of the licensee's with month.
, What are the CE requirements for an agent? - ✔✔✔ Correct Answer > 24 CE
credit hours every 2 years, including 3 credit hours of ethics.
Agents with licensed for 20 years only need 20 CE credit hours,
including ethics.
How long must an agent keep records regarding contracts, premiums,
etc.? - ✔✔✔ Correct Answer > All records must be kept for 5 years after the
completion of a transaction or for the term of the contract, whichever is
greater.
Misrepresentation - ✔✔✔ Correct Answer > Issuing, publishing, or circulation
and illustration or sales materials that is false, misleading, or deceptive
as to policy benefits or terms, the payments of dividends, etc.
False advertising - ✔✔✔ Correct Answer > advertising that is misleading in some
important way, including the failure to reveal facts about possible
results from using the advertised products
Rebating - ✔✔✔ Correct Answer > Any inducement offered in the sale of
insurance products that is not specified in the policy. They are illegal in
Georgia.
