GEORGIA LIFE AND HEALTH INSURANCE
EXAMINATION TEST 2026 ELITE REVIEW WITH
FULLY SOLVED QUESTIONS AND VERIFIED
SOLUTIONS GUARANTEED TO PASS
● What documentation grants express authority to an agent?. Answer:
Agent's contract with the principal. The principal grants authority to an
agent through the agent's contract
● Accident-only policies. Answer: Policies that pay only in cases arising
from an accident or injury.
● Conditional Receipt. Answer: In Life and Health insurance, a
Conditional Receipt provides that if premium accompanies the
application, coverage shall be in force from the date of application
(whether the policy has yet been issued or not) provided the insurance
company would have issued the coverage on the basis of facts as
revealed by the application and other usual sources of underwriting
information. Remember, there is never any coverage unless the premium
has been paid! When the agent receives the application and issues a
conditional receipt, the insurer has not yet approved the application and
issued the policy.
,● Total Disability. Answer: A person's ability to work is significantly
reduced or eliminated for the rest of his/her life.
● When an employee terminates coverage under a group insurance
policy, coverage continues in force for how many days?. Answer: An
employee has 31 days under the conversion privilege to convert to an
individual policy.
● If a policy includes a free look period of at least 10 days, the buyer's
guide may be delivered to the applicant. Answer: with the policy. if a life
insurance policy contains a free look period of at least 10 days, the
buyer's guide can be delivered with the policy. if it doesn't, the buyer's
guide must be delivered prior to accepting the initial premium.
● Insurance that would pay for hiring a replacement for an important
employee who becomes disabled is called. Answer: Key employee
disability insurance. The business is the contract holder and would
receive benefits if a specified key employee became disabled.
● If an insured changes his payment plan from monthly to annually,
what happens to the total premium?. Answer: Decreases. Because the
insurer would have the entire premium to invest for a full year, they
would reduce the premium amount.
, ● The ownership provision entitles the policy owner to do all of the
following except. Answer: Set the premium rates. The insurer sets
premium rates based upon underwriting considerations.
● In respect to the consideration clause, which of the following is
consideration on the part of the insurer?. Answer: Promising to pay in
accordance with the contract terms. The consideration clause requires
the insurer to promise to pay in accordance to the terms stated in the
contact
● All of the following would be different between qualified and non-
qualified retirement plans. Answer: IRS approval requirements, taxation
of withdrawals, and taxation of contributions.
● A claimant wants to bring a recovery action against an insurance
company for a loss claimed under a policy. the action must be brought
within how many years?. Answer: within 3 years. Some states require a
provision limiting the time parameters in which a claimant may seek
recovery form an insurer under a policy. Georgia requires legal actions
to be brought forth sooner than 60 days and no later than 3 years after
proof of loss.
● The duties of an agent where replacement is involved include all of the
following. Answer: submitting to the replacing insurer a copy of all
soliciting material, submitting to the replacing insurer a statement signed
by the applicant as to whether or not he has existing life insurance, and
leaving a copy or original of all solicitation material used for
EXAMINATION TEST 2026 ELITE REVIEW WITH
FULLY SOLVED QUESTIONS AND VERIFIED
SOLUTIONS GUARANTEED TO PASS
● What documentation grants express authority to an agent?. Answer:
Agent's contract with the principal. The principal grants authority to an
agent through the agent's contract
● Accident-only policies. Answer: Policies that pay only in cases arising
from an accident or injury.
● Conditional Receipt. Answer: In Life and Health insurance, a
Conditional Receipt provides that if premium accompanies the
application, coverage shall be in force from the date of application
(whether the policy has yet been issued or not) provided the insurance
company would have issued the coverage on the basis of facts as
revealed by the application and other usual sources of underwriting
information. Remember, there is never any coverage unless the premium
has been paid! When the agent receives the application and issues a
conditional receipt, the insurer has not yet approved the application and
issued the policy.
,● Total Disability. Answer: A person's ability to work is significantly
reduced or eliminated for the rest of his/her life.
● When an employee terminates coverage under a group insurance
policy, coverage continues in force for how many days?. Answer: An
employee has 31 days under the conversion privilege to convert to an
individual policy.
● If a policy includes a free look period of at least 10 days, the buyer's
guide may be delivered to the applicant. Answer: with the policy. if a life
insurance policy contains a free look period of at least 10 days, the
buyer's guide can be delivered with the policy. if it doesn't, the buyer's
guide must be delivered prior to accepting the initial premium.
● Insurance that would pay for hiring a replacement for an important
employee who becomes disabled is called. Answer: Key employee
disability insurance. The business is the contract holder and would
receive benefits if a specified key employee became disabled.
● If an insured changes his payment plan from monthly to annually,
what happens to the total premium?. Answer: Decreases. Because the
insurer would have the entire premium to invest for a full year, they
would reduce the premium amount.
, ● The ownership provision entitles the policy owner to do all of the
following except. Answer: Set the premium rates. The insurer sets
premium rates based upon underwriting considerations.
● In respect to the consideration clause, which of the following is
consideration on the part of the insurer?. Answer: Promising to pay in
accordance with the contract terms. The consideration clause requires
the insurer to promise to pay in accordance to the terms stated in the
contact
● All of the following would be different between qualified and non-
qualified retirement plans. Answer: IRS approval requirements, taxation
of withdrawals, and taxation of contributions.
● A claimant wants to bring a recovery action against an insurance
company for a loss claimed under a policy. the action must be brought
within how many years?. Answer: within 3 years. Some states require a
provision limiting the time parameters in which a claimant may seek
recovery form an insurer under a policy. Georgia requires legal actions
to be brought forth sooner than 60 days and no later than 3 years after
proof of loss.
● The duties of an agent where replacement is involved include all of the
following. Answer: submitting to the replacing insurer a copy of all
soliciting material, submitting to the replacing insurer a statement signed
by the applicant as to whether or not he has existing life insurance, and
leaving a copy or original of all solicitation material used for
