Georgia claims - Study guides, Class notes & Summaries

An insurer must obtain the following from the commission's before transacting insurance business - Answer-certificate of authority The guaranty fund provides coverage for unpaid health insurance claims up to: - Answer-$300,000 The commissioner may: - Answer-fine a Producer $10,000 for violating a Cease and Desist order The commissioner must inspect the records of a domestic property or life insurance company Every: - Answer-3 years An insurer may pay commissions directly to the agen...

©BRAINBARTER 2024/2025 Georgia Adjuster Exam Questions With 100% Verified Answers. Liaison - answercommunication or cooperation which facilitates a close working relationship between people or organizations. exemplary - answerideal model, representing the best fiduciary - answertrust, representation for a principal-contractor or insurance company Residual market (shared market) - answerauto insurance market serves drivers at high risk that are denied coverage by insurers 3 residual mar...

GEORGIA- PROPERTY & CASUALTY EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ All of the following are true regarding aviation insurance EXCEPT: Correct Answer: It can be added to the CPP A customer has 5 identical vases that are insured on an inland marine floater for $30,000 and 1 of the vases is stolen. The remaining 4 vases are appraised at $20,000, how much will the insurer pay? Correct Answer: $10,000 Which of the following is not an unfair claims...

liaison - answer; communication or cooperation which facilitates a close working relationship between people or organizations. exemplary - answer; ideal model, representing the best fiduciary - answer; trust, representation for a principal-contractor or insurance company Residual market (shared market) - answer; auto insurance market serves drivers at high risk that are denied coverage by insurers 3 residual markets in Georgia - answer; Fair plan, Georgia AIP, Georgia Worker Comp. ...

CPCU 500 Exam Questions- Managing Evolving Risks & Answers 2024/2025 Which one of the following statements about the use of drones is true? - ANSWERSDrones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - ANSWERSLidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages wh...

Georgia Constitution Questions and Answers Already Passed The Georgia Constitution -10 total (changed over time due to historical events Civil War, Yazoo Land fraud, WW2, Reconstruction, Civil Rights Movement) - Much more specific about listing rights - Requires Enumerated Powers *Federal Constitution: Elastic Clause aka "Necessary and Proper" *No elastic clause in GA constitution Constitution of 1777 provided a framework for the transition from colony to state; this constitution remained in ...

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 insurance laws exam questions and answers 100% correct A temporary agent may: - Correct Answer ️️ -Continue existing business but not sell new policies. Premium rates that are so low that they tend to destroy competition by creating a monopoly are referred to under Georgia insurance laws as: - Correct Answer ️️ - Inadequate An agent cannot hold a license for the purpose of buying insurance at a discount for the agent or associates. Such insurance is referred to as "contr...

GA ADJUSTER EXAM REVIEW QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED AND UPDATED GUARANTEED PASS In GA, _____insurance cannot be written by a reciprocal type insurer. 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 Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. Binding ...

Georgia Laws and Rules Questions and answers latest update 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? Coercion All agents licensed less than 20 Years are required to complete ___ continuing education hours every two years, 24 In Georgia, most life insurance policies have a contestability period of 2 years All accident and sickness plans MU...