Georgia Laws and Rules

Georgia Personal Line Exam Questions and Answers 100% Pass In an insured's neighborhood, individuals are required to pay the fire department if called to their premises. This insured has a homeowner policy. How much will the policy pay for these fire department service charges? - Correct Answer ️️ -up to $500 When applying for an individual life insurance policy, an applicant states that he went to the doctor for nausea, but fails to mention that he was also having severe chest pains. ...

Georgia Laws and Rules Exam Questions and Answers 100% Pass 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? - Correct Answer ️️ -Coercion All agents licensed less than 20 Years are required to complete ___ continuing education hours every two years, - Correct Answer ️️ -24 In Georgia, most life insurance policies have a contestability period of - C...

GEORGIA LAWS AND RULES EXAM QUESTIONS AND ANSWERS 100% PASS 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: is an illegal practice where insurance agents unnecessarily replace existing life insurance for the purpose of earning additional (higher) first year commissions An example of unfair discrimination would be - Correct Answer ️...

In Georgia, which of the following statements is CORRECT about life insurance advertisements? a. An insurance agency is responsible for advertisements placed by its insurance agents b. The commissioner of insurance must approve advertisements before they are used c. Third-party testimonials may not be used d. The dividend may be represented as guaranteed - Answer- An insurance agency is responsible for advertisements placed by its insurance agents Which Unfair Trade Practice involves an a...

Georgia Laws and Rules Pertinent Exam Questions and Answers 100% Pass A stock insurance company is BEST defined as an incorporated company that has its capital divided into shares and - Correct Answer ️️ -is owned exclusively by its shareholders If an agent tells an applicant that an insurance policy is like a share of stock, the agent may be guilty of - Correct Answer ️️ -misrepresentation Which of the following would be considered misrepresentation by an insurance agent? - Corr...

Georgia Laws, Rules, and regulations Pertinent to Life and Accident and Sickness Insurance Exam Questions and Answers 100% Pass 5 Years - Correct Answer ️️ -The period of time in which the Commissioner must conduct an examination of every authorized insurer 20 Days - Correct Answer ️️ -Time frame for the Commissioner to provide the examinee a copy of the written report 10 Days - Correct Answer ️️ -written notice to all interested parties 30 Days - Correct Answer ️️ -The h...

Georgia (GA) Life & Health Insurance Exam Updated 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

(Georgia) GA Personal Lines Insurance Terms Updated 2024 Correctly Questions and Answers 2024 / 2025 (Verified Answers by Expert)

LIFE ACCIDENT and SICKNESS GA EXAM QUESTIONS AND ANSWERS 100% PASS What is the maximum yearly contribution can an individual make into an IRA? An HR- 10? - Correct Answer ️️ -2,000 or 100% of earned income, whichever is less; 100% of earned income up to $41,000 which is broader? acc bodily injury or accidental means? - Correct Answer ️️ - accidental bodily injury Who manages a reciprocal? - Correct Answer ️️ -attorney in fact Reserves are defined as... - Correct Answer ️️...