Georgia Laws Life insurance Exam Questions and Answers 100% Pass

Georgia Laws Life insurance Exam Questions and Answers 100% Pass when the commissioner examines an insurer's records, who pays the cost associated with the examination. - Correct Answer ️️ -the insurance company being examined which of the following documents must an agent submit to the replacing insurance company during the replacement of an existing life insurance policy? - Correct Answer ️️ -notice to existing and replacing insurers on intention to replace All agents licensed less than 20 Years are required to complete ___ continuing education hours every two years, - Correct Answer ️️ -24 the coordination of benefits (COB) provision exists in order to - Correct Answer ️️ - avoid duplication of benefit payments Upon reaching the limiting age, a handicapped child can extend their health insurance coverage as a dependent - Correct Answer ️️ -only if the child is incapable of employment and chiefly dependent on the policy owner who owns a stock company? - Correct Answer ️️ -its stockholders using an existing life insurance policy's cash value to purchase another policy with the same insurer for the sole purpose of earning additional commissions is called - Correct Answer ️️ -churning Prior to a hearing that could potentially revoke an agent's license, what is required by the Commissioner? - Correct Answer ️️ -giving written notice to the agent which organization was established to provide funds to protect an insured in the event of an insurer's insolvency? - Correct Answer ️️ -The Georgia Life and Health Insurance Guaranty Association J is an agent who has induced through misrepresentation to surrender an existing insurance policy. What is J guilty of? - Correct Answer ️️ -Twisting All accident and sickness plans MUST provide coverage on newborn children for ___ days - Correct Answer ️️ -31 life insurance replacement regulation protects the interests of - Correct Answer ️️ -its policyowner a person who is required to be a licensed agent would be a(n) - Correct Answer ️️ -a person who places insurance on behalf of anyone seeking insurance In Georgia, an insurance company must notify the Commissioner within __ days to terminate an agents appointment - Correct Answer ️️ -30 insurance companies that are organized in countries outside the United States are referred to as - Correct Answer ️️ -alien Which of the following situations does NOT apply to the Georgia replacement rule - Correct Answer ️️ -an existing policyholder purchases an additional policy from the same insurer before an insurance company can pay commissions to an agent, the agent must be - Correct Answer ️️ -licensed and appointed which of these is not a requirement to obtain an insurance agent license in the state of Georgia - Correct Answer ️️ -Graduate High school Defamation occurs when an agent makes a false statement intended to - Correct Answer ️️ -Malign another insurer Who is a mutual insurance company owned by? - Correct Answer ️️ -Its policyholders under which circumstance may the Commissioner of Insurance suspend, revoke, or refuse to renew the license of an agent - Correct Answer ️️ -agent is found guilty of misrepresentation in obtaining the license how often must an insurance agent license be renewed in Georgia - Correct