Georgia Laws and Rules Questions and answers latest
update (Graded A+)
Life insurance replacement regulation protects the interests of - (ANSWERS)The policy owner
After initially issued, a temporary license is valid for - (ANSWERS)6 months
An agent must have _____ hours of ethics per continuing education reporting period. -
(ANSWERS)3
With whom may an agent legally share commissions? - (ANSWERS)another agent who is
licensed in the same line of insurance
An insurance agent is guilty of _____ if the agent misrepresents a policy to include a policy owner
to surrender and existing policy. - (ANSWERS)Twisting
An insurance agent is in violation of the Rules Governing Advertisement of Life Insurance and
aannuities if the agent takes which of the following actions during a sales presentation? -
(ANSWERS)Refers to guaranteed policy dividends
Which of the following items are regulated by the Rules Governing Advertisement of Life
Insurance and Annuities? - (ANSWERS)Prepared sales presentations used by insurance agents
The commissioner must give ___ days notice prior to holding a hearing regarding an agent's
unfair or deceptive practice. - (ANSWERS)10
S takes out an accident and sickness insurance policy which contains a provision that states
that the agent does not have the authority to change the policy or waive any of its provisions.
Which health policy provision is this? - (ANSWERS)Entire Contract
J is an agent who recently told a claimant that his rights might be impaired if he does not
complete a release form within a specified time. What could this agent be found guilty of? -
(ANSWERS)coercion
A foreign insurance company doing business in Georgia - (ANSWERS)is a company that was
formed under the laws of another state
The ____ must provide an insured with the property disclosure concerning the replacement of
an insurance policy. - (ANSWERS)Agent
In Georgia, which of the following is considered an Unfair Trade Practices? -
(ANSWERS)Coercion
update (Graded A+)
Life insurance replacement regulation protects the interests of - (ANSWERS)The policy owner
After initially issued, a temporary license is valid for - (ANSWERS)6 months
An agent must have _____ hours of ethics per continuing education reporting period. -
(ANSWERS)3
With whom may an agent legally share commissions? - (ANSWERS)another agent who is
licensed in the same line of insurance
An insurance agent is guilty of _____ if the agent misrepresents a policy to include a policy owner
to surrender and existing policy. - (ANSWERS)Twisting
An insurance agent is in violation of the Rules Governing Advertisement of Life Insurance and
aannuities if the agent takes which of the following actions during a sales presentation? -
(ANSWERS)Refers to guaranteed policy dividends
Which of the following items are regulated by the Rules Governing Advertisement of Life
Insurance and Annuities? - (ANSWERS)Prepared sales presentations used by insurance agents
The commissioner must give ___ days notice prior to holding a hearing regarding an agent's
unfair or deceptive practice. - (ANSWERS)10
S takes out an accident and sickness insurance policy which contains a provision that states
that the agent does not have the authority to change the policy or waive any of its provisions.
Which health policy provision is this? - (ANSWERS)Entire Contract
J is an agent who recently told a claimant that his rights might be impaired if he does not
complete a release form within a specified time. What could this agent be found guilty of? -
(ANSWERS)coercion
A foreign insurance company doing business in Georgia - (ANSWERS)is a company that was
formed under the laws of another state
The ____ must provide an insured with the property disclosure concerning the replacement of
an insurance policy. - (ANSWERS)Agent
In Georgia, which of the following is considered an Unfair Trade Practices? -
(ANSWERS)Coercion
