100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
GA Adjuster Exam Review Test with Answers $9.49   Add to cart

Exam (elaborations)

GA Adjuster Exam Review Test with Answers

 3 views  0 purchase
  • Course
  • GA Adjuster
  • Institution
  • GA Adjuster

GA Adjuster Exam Review Test with Answers 1. life 2. Code 3. Binding 4. Independent Rating Services 5. $500 6. The principal is bound to the decisions of the adjuster. In GA, insur- ance cannot be written by a reciprocal type in- surer. No insurer or li- censee doing busi- ness in Geo...

[Show more]

Preview 3 out of 18  pages

  • October 10, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • GA Adjuster
  • GA Adjuster
avatar-seller
learndirect
GA Adjuster Exam Review Test with Answers

1. life In GA, insur-
ance cannot be written
by a reciprocal type in-
surer.

2. Code No insurer or li-
censee doing busi-
ness in Georgia may
pay any commissions
or valuable considera-
tion to any person for
services as an agent,
subagent, or adjuster
unless that person is
duly licensed under
the

3. Binding Mediation is not
on the parties in-
volved, but with arbi-
tration the decision is
final and .

4. Independent Rating Services Standard and Poor's,
A.M. Best and
Moody's are examples
of:

5. $500 What is the application
fee for filing to become
a self-insurer for work-
ers compensation in
Georgia?

6. The principal is bound to the decisions of the Insurance adjusters
adjuster. have the "power to
bind". Which of the
following statements




, GA Adjuster Exam Review Test with Answers

best describes what
this means?

7. Flood and Earthquake The perils most fre-
quently covered by a
Difference in Condi-
tions policy are:

8. Cover claims of insolvent insurers What is the purpose
of the Georgia Insur-
ance Guaranty Asso-
ciation?

9. The act of inducing or attempting to induce a pol- Twisting
icy owner to drop an existing life insurance policy
and to take another policy that is substantially
the same kind by using misrepresentations or in-
complete comparisons of the advantages and dis-
advantages of the two policies. Most states have
enacted legislation making twisting a crime.

10. Churning occurs when an insurance agent re- Churning
places a policyholder's insurance policy for an-
other 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.

11. Rebating — a portion of the premium or the Rebating
agent's/broker's commission on the premium to
the insured or other inducements to place busi-
ness with a specific insurer. Rebating is illegal in
the majority of states. Insurers must use filed rate
credits or have supporting methodology.

12. Uninsured motorist
coverage law in Geor-
gia applies to bodi-
ly injury claims sus-


, GA Adjuster Exam Review Test with Answers

tained by an insured
and caused by an
uninsured motorist as
defined by the law.
UMPD coverage is
also included.

13. $15,000 In Georgia, the Chief
Deputy Commissioner
must execute a bond
in the amount of:

14. 5 Adjusters must main-
tain record of each in-
vestigation or adjust-
ment undertaken, and
a statement of any fee,
commission, or oth-
er compensation re-
ceived or to be re-
ceived on account of
the investigation or ad-
justment. How long
must the records be
maintained for exami-
nation?

15. Listed on the information page The limits of the Em-
ployers' Liability sec-
tion of a standard
workers' compensa-
tion policy are:

16. Falling objects An insured has pur-
chased BAP phys-
ical damage cover-
age against specified
causes of loss. Pro-
tection applies to all

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller learndirect. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.49
  • (0)
  Add to cart