Georgia State Life & Health Insurance Laws |\ |\ |\ |\ |\ |\ |\
EXAM QUESTIONS WITH ANSWERS |\ |\ |\
How does the Insurance Commissioner get into office. - CORRECT
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ANSWERS ✔✔Elected
|\ |\
What is the term of the Ins. Commissioner - CORRECT ANSWERS
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✔✔4 years |\
Regulation, Examination of Records, Investigation, Hearing and
|\ |\ |\ |\ |\ |\ |\
Judicial Review, Issuing Penalties - CORRECT ANSWERS ✔✔What
|\ |\ |\ |\ |\ |\ |\ |\
are the powers of the Commissioner
|\ |\ |\ |\ |\
how often does the commissioner examine domestic insurers -
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CORRECT ANSWERS ✔✔5 years |\ |\ |\
length of time the commissioner has to hold a hearing if a person
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
has complained and the commissioner feels a hearing is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
warranted - CORRECT ANSWERS ✔✔30 days |\ |\ |\ |\ |\
length of time a violater has to request a hearing regarding a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
penalty from the commissioner - CORRECT ANSWERS ✔✔10 days
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do not pay dividends - CORRECT ANSWERS ✔✔stock companies
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, does pay dividends - CORRECT ANSWERS ✔✔mutual companies
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length of time a company has to pay final restitution on a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
judgement rendered against it in Ga. - CORRECT ANSWERS ✔✔30
|\ |\ |\ |\ |\ |\ |\ |\ |\
days
|\
fine for a willful violation of the insurance code - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔$5,000 per act |\ |\ |\
fine for an unintended violation of the insurance code - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔$1,000
|\ |\
age you have to attain to receive an ins. license - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔18 |\
lenth of time of residence in Ga. that you must maintain in order
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to receive and Ins. license - CORRECT ANSWERS ✔✔6 months
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what could exempt you from taking the pre-licensing course -
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CORRECT ANSWERS ✔✔10 quarter hours of insurance related
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courses within the last 12 months
|\ |\ |\ |\ |\
amount of continuing education needed each year for agents
|\ |\ |\ |\ |\ |\ |\ |\ |\
licensed less than 20 years - CORRECT ANSWERS ✔✔15 hours
|\ |\ |\ |\ |\ |\ |\ |\ |\
amount of continuing education needed each year for agents
|\ |\ |\ |\ |\ |\ |\ |\ |\
licensed more than 20 years - CORRECT ANSWERS ✔✔10 hours
|\ |\ |\ |\ |\ |\ |\ |\ |\
EXAM QUESTIONS WITH ANSWERS |\ |\ |\
How does the Insurance Commissioner get into office. - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔Elected
|\ |\
What is the term of the Ins. Commissioner - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔4 years |\
Regulation, Examination of Records, Investigation, Hearing and
|\ |\ |\ |\ |\ |\ |\
Judicial Review, Issuing Penalties - CORRECT ANSWERS ✔✔What
|\ |\ |\ |\ |\ |\ |\ |\
are the powers of the Commissioner
|\ |\ |\ |\ |\
how often does the commissioner examine domestic insurers -
|\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔5 years |\ |\ |\
length of time the commissioner has to hold a hearing if a person
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
has complained and the commissioner feels a hearing is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
warranted - CORRECT ANSWERS ✔✔30 days |\ |\ |\ |\ |\
length of time a violater has to request a hearing regarding a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
penalty from the commissioner - CORRECT ANSWERS ✔✔10 days
|\ |\ |\ |\ |\ |\ |\ |\
do not pay dividends - CORRECT ANSWERS ✔✔stock companies
|\ |\ |\ |\ |\ |\ |\ |\
, does pay dividends - CORRECT ANSWERS ✔✔mutual companies
|\ |\ |\ |\ |\ |\ |\
length of time a company has to pay final restitution on a
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
judgement rendered against it in Ga. - CORRECT ANSWERS ✔✔30
|\ |\ |\ |\ |\ |\ |\ |\ |\
days
|\
fine for a willful violation of the insurance code - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔$5,000 per act |\ |\ |\
fine for an unintended violation of the insurance code - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔$1,000
|\ |\
age you have to attain to receive an ins. license - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔18 |\
lenth of time of residence in Ga. that you must maintain in order
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
to receive and Ins. license - CORRECT ANSWERS ✔✔6 months
|\ |\ |\ |\ |\ |\ |\ |\ |\
what could exempt you from taking the pre-licensing course -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔10 quarter hours of insurance related
|\ |\ |\ |\ |\ |\ |\ |\
courses within the last 12 months
|\ |\ |\ |\ |\
amount of continuing education needed each year for agents
|\ |\ |\ |\ |\ |\ |\ |\ |\
licensed less than 20 years - CORRECT ANSWERS ✔✔15 hours
|\ |\ |\ |\ |\ |\ |\ |\ |\
amount of continuing education needed each year for agents
|\ |\ |\ |\ |\ |\ |\ |\ |\
licensed more than 20 years - CORRECT ANSWERS ✔✔10 hours
|\ |\ |\ |\ |\ |\ |\ |\ |\
