GA Adjuster Exam Review Questions
With Complete Solutions
In GA, _____insurance cannot be written by a reciprocal type
insurer. - Correct Answers ✅life
No insurer or licensee doing business in Georgia may pay any
commissions or valuable consideration to any person for
services as an agent, subagent, or adjuster unless that
person is duly licensed under the - Correct Answers ✅Code
Mediation is not _____ on the parties involved, but with
arbitration the decision is final and _____. - Correct Answers
✅Binding
Standard and Poor's, A.M. Best and Moody's are examples of:
- Correct Answers ✅Independent Rating Services
What is the application fee for filing to become a self-insurer
for workers compensation in Georgia? - Correct Answers
✅$500
Insurance adjusters have the "power to bind". Which of the
following statements best describes what this means? -
Correct Answers ✅The principal is bound to the decisions
of the adjuster.
The perils most frequently covered by a Difference in
Conditions policy are: - Correct Answers ✅Flood and
Earthquake
,GA Adjuster Exam Review Questions
With Complete Solutions
What is the purpose of the Georgia Insurance Guaranty
Association? - Correct Answers ✅Cover claims of insolvent
insurers
Twisting - Correct Answers ✅The act of inducing or
attempting to induce a policy owner to drop an existing life
insurance policy and to take another policy that is
substantially the same kind by using misrepresentations or
incomplete comparisons of the advantages and
disadvantages of the two policies. Most states have enacted
legislation making twisting a crime.
Churning - Correct Answers ✅Churning occurs when an
insurance agent replaces a policyholder's insurance policy for
another insurance policy, usually without consulting the
policyholder and often with no changes to the coverage itself.
Agents who engage in churning do so in order to secure an
additional commission for the new policy they swap in.
Rebating - Correct Answers ✅Rebating — a portion of the
premium or the agent's/broker's commission on the premium
to the insured or other inducements to place business with a
specific insurer. Rebating is illegal in the majority of states.
Insurers must use filed rate credits or have supporting
methodology.
, GA Adjuster Exam Review Questions
With Complete Solutions
Uninsured motorist coverage law in Georgia applies to bodily
injury claims sustained by an insured and caused by an
uninsured motorist as defined by the law. UMPD coverage is
also included. - Correct Answers ✅
In Georgia, the Chief Deputy Commissioner must execute a
bond in the amount of: - Correct Answers ✅$15,000
Adjusters must maintain record of each investigation or
adjustment undertaken, and a statement of any fee,
commission, or other compensation received or to be
received on account of the investigation or adjustment. How
long must the records be maintained for examination? -
Correct Answers ✅5
The limits of the Employers' Liability section of a standard
workers' compensation policy are: - Correct Answers
✅Listed on the information page
An insured has purchased BAP physical damage coverage
against specified causes of loss. Protection applies to all of
the following perils, EXCEPT: - Correct Answers ✅Falling
objects
Which of the following statements is NOT TRUE of the
Builders' Risk coverage form? - Correct Answers ✅T
With Complete Solutions
In GA, _____insurance cannot be written by a reciprocal type
insurer. - Correct Answers ✅life
No insurer or licensee doing business in Georgia may pay any
commissions or valuable consideration to any person for
services as an agent, subagent, or adjuster unless that
person is duly licensed under the - Correct Answers ✅Code
Mediation is not _____ on the parties involved, but with
arbitration the decision is final and _____. - Correct Answers
✅Binding
Standard and Poor's, A.M. Best and Moody's are examples of:
- Correct Answers ✅Independent Rating Services
What is the application fee for filing to become a self-insurer
for workers compensation in Georgia? - Correct Answers
✅$500
Insurance adjusters have the "power to bind". Which of the
following statements best describes what this means? -
Correct Answers ✅The principal is bound to the decisions
of the adjuster.
The perils most frequently covered by a Difference in
Conditions policy are: - Correct Answers ✅Flood and
Earthquake
,GA Adjuster Exam Review Questions
With Complete Solutions
What is the purpose of the Georgia Insurance Guaranty
Association? - Correct Answers ✅Cover claims of insolvent
insurers
Twisting - Correct Answers ✅The act of inducing or
attempting to induce a policy owner to drop an existing life
insurance policy and to take another policy that is
substantially the same kind by using misrepresentations or
incomplete comparisons of the advantages and
disadvantages of the two policies. Most states have enacted
legislation making twisting a crime.
Churning - Correct Answers ✅Churning occurs when an
insurance agent replaces a policyholder's insurance policy for
another insurance policy, usually without consulting the
policyholder and often with no changes to the coverage itself.
Agents who engage in churning do so in order to secure an
additional commission for the new policy they swap in.
Rebating - Correct Answers ✅Rebating — a portion of the
premium or the agent's/broker's commission on the premium
to the insured or other inducements to place business with a
specific insurer. Rebating is illegal in the majority of states.
Insurers must use filed rate credits or have supporting
methodology.
, GA Adjuster Exam Review Questions
With Complete Solutions
Uninsured motorist coverage law in Georgia applies to bodily
injury claims sustained by an insured and caused by an
uninsured motorist as defined by the law. UMPD coverage is
also included. - Correct Answers ✅
In Georgia, the Chief Deputy Commissioner must execute a
bond in the amount of: - Correct Answers ✅$15,000
Adjusters must maintain record of each investigation or
adjustment undertaken, and a statement of any fee,
commission, or other compensation received or to be
received on account of the investigation or adjustment. How
long must the records be maintained for examination? -
Correct Answers ✅5
The limits of the Employers' Liability section of a standard
workers' compensation policy are: - Correct Answers
✅Listed on the information page
An insured has purchased BAP physical damage coverage
against specified causes of loss. Protection applies to all of
the following perils, EXCEPT: - Correct Answers ✅Falling
objects
Which of the following statements is NOT TRUE of the
Builders' Risk coverage form? - Correct Answers ✅T
