Georgia laws - Study guides, Class notes & Summaries

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 ️...

Yes - ANSWER Does the State of Georgia has a three-step graduating licensing program for 15-18-year-old to progress through 18 - ANSWER How old must a class D license holder be able to apply for a class C full-privileged driver's license? 18 - ANSWER How old must you be to apply for a class A driver's license? No - ANSWER Does driver issued with an intermediate driver's license have full unrestricted driving privileges in Georgia 12:00 am and 5:00 am - ANSWER Class D drivers canno...

Georgia laws rules regulations pertinent to all adjusters questions and answers 100% pass The Georgia Commissioner of Insurance is elected to office for a period of ___ years. - Correct Answer ️️ -4 An insurer who is domiciled in another state and is authorized to do business in Georgia is known as a(n) _____________ insurer. - Correct Answer ️️ -foreign ________________ is verbally suggesting that an insurer may not be in a position to pay claims - Correct Answer ️️ -Defamati...

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 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 Life insurance Complete Solutions when the commissioner examines an insurer's records, who pays the cost associated with the examination. 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? notice to existing and replacing insurers on intention to replace All agents licensed less than 20 Years are required to complete ___ continuing educ...

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 ️...

Georgia laws rules regulations pertinent to all adjusters questions and answers 100% pass The Georgia Commissioner of Insurance is elected to office for a period of ___ years. - Correct Answer ️️ -4 An insurer who is domiciled in another state and is authorized to do business in Georgia is known as a(n) _____________ insurer. - Correct Answer ️️ -foreign ________________ is verbally suggesting that an insurer may not be in a position to pay claims - Correct Answer ️️ -Defamati...

What is the timeframe for filling relevant suspicious activity reports -:- 30 days of initial discovery in the underwriting process, it was discovered that the applicant for life insurance is in poor health & has same dangerous habits which of the following is true concerning the policy premium? -:- Will likely be higher because the applicant is a substandard risk which of the following types of risk will result in the highest premium? -:- substandard risks which of the following is...

Georgia Laws Correct Questions & Solutions(RATED A)